Payments through Your Phone
Mobile wallets have become ubiquitous with apps such as Google Tez, PayTM, PhonePe, BHIM, etc. It has never been easier to make payments through your phone. You can even send money to someone on the other side of the earth. E-commerce contributes a large part to this. E-commerce apps are worth millions if not billions. Swipe, an app made by two twenty-something Irish boys is worth a whopping $9.2billion. Since the market for currency transaction apps, there is fierce competition. With so many apps on so many different smartphones, it can be hard to zero in on one. Here, we shall take you through a few payment apps.
PayTM has been around since 2010 extending its facilities throughout India in 10 different regional languages in addition to English. It is common parlance now to ask a friend, “Can you paytm me some cash?” or “I’ll paytm it to you.” Paytm offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and education institutions with the Paytm QR code. As of January 2018, Paytm is valued at $10 billion. They have also expanded