Finance:Payworld
 | |
| Type of business | Private |
|---|---|
| Founded | 2006 |
| Area served | India |
| Founder(s) | Sugal & Damani group |
| Website | www |
Payworld is an Indian fintech company based that provides services including money transfer, recharges, and bill payments.[1][2] The company was founded in 2006 by the Sugal & Damani group and has its headquarters in Gurgaon, Haryana.[3][4][5]
History
In 2006, Payworld started with electronic pre-paid voucher distribution for mobile phones in Madhya Pradesh, Uttar Pradesh and Gujarat. It is present in 23 states and 630 districts and 80000 villages across India .[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
Payworld Money is a mobile wallet approved by the RBI. 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) by Goods and Services Tax Network (GSTN) in India along with other 33 GST Suvidha providers including TCS, Ernst, Deloitte, Mastek and more.[10]
References
- ↑ "Payworld mPOS - A boon for small merchants". Business Standard India. 23 November 2016. http://www.business-standard.com/article/news-ani/payworld-mpos-a-boon-for-small-merchants-116112301002_1.html.
- ↑ Bhakta, Pratik (1 June 2016). "Payworld launches Payworld Bazaar for assisted ecommerce". The Economic Times. https://economictimes.indiatimes.com/industry/services/retail/payworld-launches-payworld-bazaar-for-assisted-ecommerce/articleshow/52536048.cms.
- ↑ "Stressed with cash issues? Payworld could be a blessing in disguise" (in en). Deccan Chronicle. 26 December 2016. https://www.deccanchronicle.com/business/in-other-news/261216/stressed-with-cash-issues-payworld-could-be-a-blessing-in-disguise.html.
- ↑ "Fintech firm Payworld focuses on insurance, loans for growth". Moneycontrol.com. https://www.moneycontrol.com/news/business/fintech-firm-payworld-focuses-on-insurance-loans-for-growth-2358781.html.
- ↑ Choudhary, Anuradha (2016-12-19). "Payments firm Payworld India scouts for a strategic partner" (in en). https://www.livemint.com/Companies/2yalGPhpUtj7yO2jhxijUI/Payments-firm-Payworld-India-scouts-for-a-strategic-partner.html.
- ↑ "Rebooting Bharat: Why the challenge to take digital payment to rural India is as huge as the opportunity" (in en). The Economic Times. https://tech.economictimes.indiatimes.com/news/internet/rebooting-bharat-why-the-challenge-to-take-digital-payment-to-rural-india-is-as-huge-as-the-opportunity/55645928.
- ↑ "Payworld expects to cross Rs 7,000 cr revenue by 2018-19 - Times of India". The Times of India. https://timesofindia.indiatimes.com/business/india-business/payworld-expects-to-cross-rs-7000-cr-revenue-by-2018-19/articleshow/57062960.cms.
- ↑ "Payworld expects to cross Rs 7,000 cr revenue by 2018-19". Business Standard India. Press Trust of India. 5 February 2017. http://www.business-standard.com/article/pti-stories/payworld-expects-to-cross-rs-7-000-cr-revenue-by-2018-19-117020500288_1.html.
- ↑ "Soon, your e-wallet will help you get loan too - ET Telecom" (in en). ETTelecom.com. https://telecom.economictimes.indiatimes.com/news/soon-your-e-wallet-will-help-you-get-loan-too/52077451.
- ↑ "Payworld shortlists as one of the GST Suvidha Provider". Business Standard India. 16 December 2016. http://www.business-standard.com/article/news-ani/payworld-shortlists-as-one-of-the-gst-suvidha-provider-116121601078_1.html.
 |  |
