For example, in FY19, FY20, FY21, and in Q1FY22, revenue from payment and financial services accounted for 52.5%, 58.1%, 75.3%, 78.0% and 77.4% of its revenue from 46 operations. The company derived a majority of its revenue from transaction fees that it collects from merchants for their payment services. There are low barriers to entry within the industry and the cost of switching between offerings is low.
![information about paytm app information about paytm app](https://img.etimg.com/thumb/msid-82375031,width-1200,height-900,imgsize-528940,resizemode-8,quality-100/paytm.jpg)
ICICI Direct has opined that the company competes in markets characterised by vigorous competition, changing technology, changing merchant and consumer needs, evolving industry standards, and frequent introductions of new products and services. As of June 30, 2021, it offered payment services, commerce and cloud services, and financial services to 33.7 crore consumers and over 2.2 crore merchants, as per its DRHP.
![information about paytm app information about paytm app](https://www.paytmbank.com/business-banking/img/business-banking/bb-img01.png)
It offers consumers and merchants technology-led, easy-to-use digital products and services as well as easy and inclusive access to financial services. Its gross merchandise value (GMV) has increased from Rs 2,292 billion in FY19 to Rs 4,033 billion in FY21. Its total merchant base has grown from 11.2 million as of March 31, 2019, to 21.1 million as of March 31, 2021. Paytm is a leader in India’s digital ecosystem for consumers and merchants. Retail investors can invest a minimum of Rs 12,900 for a single lot and their maximum investment would be Rs 1,93,500 for 15 lots.
![information about paytm app information about paytm app](https://akm-img-a-in.tosshub.com/indiatoday/images/story/201911/paytm_new-770x433.jpeg)
Here are some of the key details investors may keep in mind: Paytm is expected to list in mid-November. Large investors including Jack Ma’s Ant Group, Masayoshi Son’s SoftBank Corp are selling their shares.