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| Type of business | Private |
|---|---|
| Founded | 2006 |
| Area served | India |
| Founder(s) | Sugal & Damani group |
| URL |
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.
- ^ 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. Retrieved 2020-12-04.
- ^ "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 from the original on 2018-04-18. Retrieved 2018-04-18.
- ^ "Payworld shortlists as one of the GST Suvidha Provider". Business Standard India. 16 December 2016.
