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Offer Digital Fund Management By Creating A Paytm Clone

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Natshawatson
Offer Digital Fund Management By Creating A Paytm Clone

Settle bills, transfer money, and recharge the wallet. These 3 tasks are apt to describe the success of Paytm. More than a decade since its launch, the Indian startup has created a Fintech revolution. With an Initial Public Offering (IPO) looming next month, the digital platform will be worth $20 to $22 billion. Accordingly, entrepreneurs can come out with a customized Paytm clone and make economies cashless.

How a platform identical to Paytm helps in toppling competitors

Consumer Finance services - Individuals have an array of options on a platform like Paytm. They can send and receive money both domestically and internationally, purchase products from both brick-and-mortar stores and e-commerce platforms. Moreover, people can make hotel bookings, buy movie and travel tickets, and recharge mobile data plans.

What is the special aspect of a Paytm clone app? Users will benefit from intermediary-free financial solutions. They can opt for banking, insurance, investment, and postpaid services.

B2B fund management solutions - Undoubtedly, Paytm has enticed organizations across industries to handle money efficiently. Corporate companies can create an account to monitor the inflow and outflow of funds. They can set up a nodal account and use features like integration with Unified Payments Interface (UPI), a Point of Sale (PoS) software, submission of loan applications, and payout of salaries to full-time workers and part-time employees. Further, they can post advertisements for promoting their products and services.

Enterprises can publish promotional campaigns and receive a higher number of monthly active users (MAUs) and clicks. Moreover, they can send personalized messages to customers based on age, gender, language, and location.

Wrapping Up

With a perfect mix of individual and corporate financial services, Paytm is ahead of its rivals by miles. Futuristic visionaries can also make waves in the market by establishing a Paytm clone. They can contact an app development company and get a one-click payment platform soon.

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