Paytm Launches its Upgraded Payments Platform Powered by 100% Indigenous Technology – A Shining Example of ‘Make in India’

byKrishna VanamaliLast Updated: March 28, 2023

We have launched our new technology platform that is built with 100% indigenous developed technology. With this, we have taken another step towards ‘Atmanirbhar Bharat’ to promote digital payments in the country. This platform aims to significantly enhance consumer experience through much better success rate, speed and security. The massive upgrade of our payments platform through an indigenous full-stack development will further boost digital payments in the country. 

Paytm has been at the forefront of India’s digital revolutions with its technology-led innovations that have empowered users with a ‘Made in India’ payments platform. The platform has been revamped, ensuring that the previous technology platform is upgraded with new-age tech solutions that are locally built and supported in-house. With a world-class platform that can handle 10X of the current scale, we have set a gold standard for fintechs, aimed at handling fast growing digital payments opportunities in the country. We have been investing heavily in India’s mission of building a trillion dollar digital economy. 

“As a key milestone of the journey of Paytm payments platforms from pioneering new innovations to building solutions for India’s small and large merchants, we have come a long way. Today by making sure that every component of our technology is made in-house, we have proved that India can build world-class technology software of scale. We have built a new operational risks system and fraud management from grounds 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.”

Vijay Shekhar Sharma, Founder & CEO – Paytm

With a robust architecture, our revamped platform will further power superfast, secure and seamless payments. Our new payments infrastructure will promote sustainable growth of digital payments and financial services in India. After revolutionising mobile, QR and Soundbox payments, our new platform will transform digital transactions, enabling affordable access to financial services. We have made waves in digital payments with our iconic Soundbox, another shining example of ‘Make in India’. The fintech pioneer has already displayed its tech prowess by building the digital payments technology for Japan.

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