What is one97 communication pvt Ltd company?

One97 Communications Pvt. Ltd. is an Indian technology company that was founded in 2000. It is best known as the parent company of Paytm, one of India's leading digital payment platforms. Paytm offers a wide range of services, including mobile recharge, bill payment, ticket booking, and online shopping. One97 Communications was established by Vijay Shekhar Sharma and initially focused on providing mobile value-added services (VAS) such as ringtones, wallpapers, and mobile games. Over time, the company shifted its focus to digital payments and launched Paytm in 2010. Paytm quickly gained popularity in India and became one of the pioneers in the country's digital payment ecosystem. It offers a mobile wallet, which allows users to store money and make cashless transactions using their smartphones. Paytm also expanded its services to include a payment gateway for merchants, enabling them to accept digital payments. In addition to digital payments, One97 Communications has diversified its business and expanded into various sectors, including e-commerce, financial services, and digital banking. The company offers services such as Paytm Mall (an online marketplace), Paytm Money (an investment platform), and Paytm Payments Bank (a digital bank). One97 Communications has received significant investments from various sources, including global technology companies like Alibaba and SoftBank. It has played a crucial role in driving the digital revolution in India and has become one of the most valuable startups in the country.