Payworld
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| Type of business | Private |
|---|---|
| Founded | 2006 |
| Area served | India |
| Founder(s) | Sugal & Damani group |
| URL | www |
Payworldis an Indian fintech company based that provides services includingmoney transfer,recharges, and bill payments.[1][2]The company was founded in 2006 by the Sugal & Damani group and has its headquarters inGurgaon,Haryana.[3][4][5]
History
[edit]In 2006, Payworld started with electronic pre-paid voucher distribution for mobile phones in Madhya Pradesh,Uttar PradeshandGujarat.It is present in 23 states and 630 districts and 80000 villages acrossIndia.[6]
Payworld started its business with telecom partnerships; it now has more than 100 partnerships across various sectors. The company's total transaction value in 2016-2017 was ₹1600 crores and ₹3800 crores in 2017-2018.[7][8]
Payworld Money
[edit]Payworld Money is amobile walletapproved by theRBI.Payworld claims 10 million users in 2017.[9]This wallet processed more than 3.8 million transactions with a GTV of $130 million in 2016-2017.
Payworld is short-listed as GST Suvidha provider (GST Filing) byGoods and Services Tax Network(GSTN) in India along with other 33 GST Suvidha providers includingTCS,Ernst,Deloitte,Mastekand more.[10]
References
[edit]- ^"Payworld mPOS - A boon for small merchants".Business Standard India.23 November 2016.
- ^Bhakta, Pratik (1 June 2016)."Payworld launches Payworld Bazaar for assisted ecommerce".The Economic Times.
- ^"Stressed with cash issues? Payworld could be a blessing in disguise".Deccan Chronicle.26 December 2016.
- ^"Fintech firm Payworld focuses on insurance, loans for growth".Moneycontrol.com.
- ^Choudhary, Anuradha (2016-12-19)."Payments firm Payworld India scouts for a strategic partner".mint.Retrieved2020-12-04.
- ^"Rebooting Bharat: Why the challenge to take digital payment to rural India is as huge as the opportunity".The Economic Times.
- ^"Payworld expects to cross Rs 7,000 cr revenue by 2018-19 - Times of India".The Times of India.
- ^"Payworld expects to cross Rs 7,000 cr revenue by 2018-19".Business Standard India.Press Trust of India. 5 February 2017.
- ^"Soon, your e-wallet will help you get loan too - ET Telecom".ETTelecom.com.Archived fromthe originalon 2018-04-18.Retrieved2018-04-18.
- ^"Payworld shortlists as one of the GST Suvidha Provider".Business StandardIndia.16 December 2016.
