India's payment giants Paytm, PhonePe earnings rounds "show muscle" offline crazy rush merchants:-www.deekpay.com

Title: India's payment giants Paytm, PhonePe earnings rounds "show muscle" offline crazy grab merchants

With the booming of the Indian digital payment market, the two payment giants Paytm and PhonePe have recently announced eye-catching financial results, showing their respective "muscles". In the fierce competition in the market, the two companies have to increase the layout of the offline efforts to compete for more merchant resources.

First, the bright earnings, Paytm, PhonePe round "show muscle"

Recently, Indian payment giants Paytm and PhonePe announced their FY2021 financial results respectively. The data shows that both companies have achieved rapid growth.

Data released by Paytm's parent company One97 Communications Limited shows that in FY2021, the company's total revenue reached Rs 318.5 crore, a year-on-year growth of about 601 TP3 T. Of this, revenue from the payments business grew by about 701 TP3 T year-on-year to reach Rs 21.05 crore. In addition, Paytm has more than 250 million monthly active users, making it India's largest payments platform.

PhonePe, on the other hand, announced in its earnings report that in FY2021, the company's total transaction volume reached Rs 8.6 trillion, a year-on-year growth of about 1,501 TP3 T. The number of monthly active users reached 180 million, a year-on-year growth of about 601 TP3 T. PhonePe has emerged as India's second largest payment platform.

Second, offline layout, crazy grab merchant resources

Against the backdrop of bright earnings results, Paytm and PhonePe have stepped up their offline presence to compete for more merchant resources.

1. Paytm

Paytm has a strong presence in the offline payments market. In order to further expand its market share, Paytm has launched the "Paytm for Business" programme, which aims to provide merchants with a one-stop payment solution. In addition, Paytm has also established partnerships with major Indian retailers, catering companies, hotels, etc. to expand its payment services to more scenarios.

2. PhonePe

PhonePe is also expanding into the offline market. The company has launched the "PhonePe Switch" feature, which allows users to access other apps directly from within the app, providing more value-added services to merchants. In addition, PhonePe has also established partnerships with major Indian banks and payment companies to promote offline payments.

Third, the market competition intensified, the prospect of offline payment is promising

With the rapid growth of the digital payments market in India, more and more companies are entering the space and the market is becoming increasingly competitive. However, this has also created a huge opportunity for the Indian payments market to grow.

According to market researcher Statista, the size of India's digital payments market is expected to reach $500 billion by 2025. Against this backdrop, payment giants such as Paytm and PhonePe will continue to increase their offline layout and compete for more merchant resources.

Summary: India's payment giants Paytm and PhonePe earnings rounds "show muscle", showing their respective strength in the digital payment market. In the fierce market competition, the two companies have increased offline layout efforts, crazy grab merchant resources. In the future, with the continued development of the Indian digital payment market, Paytm and PhonePe and other enterprises will be expected to stand out in the market competition.