This Alibaba backed mobile financial services platform Paytm achieved this milestone in the second week of December 2017.
“We are overwhelmed with the 100 million downloads mark, reaching this milestone is a testimony to the efforts of the incredible team at Paytm. This achievement will offer us a strong boost as we work towards our goal of making India a digital-first economy,” said Deepak Abbot, Senior Vice President, Paytm.
Earlier this month, the digital giant became the majority shareholder of the entity formed through the merger of Nearbuy.com and Little Internet. This new joint venture will enable greater trade opportunities for the merchants.
The brand’s strategic holding in Nearbuy-Little will offer its merchant partners a chance to ensure deals to acquire new customers and grow their business. In addition to this, Paytm will offer services to consumer base by showcasing a variety of exciting deals on its platforms and will further fortify its presence in the offline commerce segment.
“This combination of Nearbuy and Little marks a great opportunity for us to reinforce our commitment to support small and large retailers in the new age of mobile commerce and payments. I am sure consumers will love the greater selection and reach of everyday deals and discount offers,” said Vijay Shekhar Sharma, Founder and CEO, Paytm.