Paytm made an announcement recently about its latest technology platform which has been developed in-house completely. The upgraded platform is geared towards enhancing the company’s already secure, fast, and seamless payment services as per Paytm. The new platform can handle up to 10 times the current scale.
Vijay Shekhar Sharma, Founder, and CEO of Paytm said, “We have built a new operational risk system and fraud management from the ground up, catering to India’s payments growth. This platform will be able to scale to the next up to 10X payments in India. We are here to serve India by a technology made in India. We are proud that we are making this in India for the world.”
Aims and aspirations
Paytm aspires to set a high standard for the fintech industry to handle India’s constantly growing digital payments scenario. According to One97 Communications, Paytm has been a game-changer for payments in the QR, mobile, and soundbox space. And now the latest platform would revolutionize digital transactions, making financial services more affordable and accessible to common people.
The Soundbox is a glowing example of the company’s ‘Make in India’ initiative. It intends to lift entrepreneurship and manufacturing in India. Paytm has accomplished another milestone by launching its fully indigenous latest technology platform after demonstrating its exceptional technological capabilities by developing Japan’s digital payment infrastructure.
Sharma emphasized Paytm’s journey from pioneering innovative solutions to developing technology for small and big merchants in India. Paytm has established with its latest in-house platform that India has a huge potential to develop scalable, world-class software technology.