One97 Communications, the parent company of Paytm, has announced the launch of a new technology platform built entirely with indigenous technology. The company claims this platform can handle 10 times more payment traffic than its older version. Launching this platform is a significant step towards promoting digital payments in India, as the company aims to support the government’s “Atmanirbhar Bharat” initiative. 

Paytm is a leading digital financial services company at the forefront of India’s digital revolution with its technology-led innovations. Paytm has upgraded its platform with new-age tech solutions that are locally built and supported in-house, ensuring that every component of its technology is made in-house, setting a gold standard for fintech. 

The platform can handle up to 10 times more payment traffic than its older version. This massive upgrade of Paytm’s payments platform through an indigenous full-stack development will further boost digital payments in the country and promote sustainable growth of digital payments and financial services in India.

According to Vijay Shekhar Sharma, the Founder & CEO of Paytm, the company’s payments platform has come a long way from pioneering innovations to building solutions for small and large merchants in India. Paytm has also developed a new operational risks system and fraud management from scratch, specifically tailored to support the growth of digital payments in India.

The company’s revamped platform has a robust architecture that powers superfast, secure, and seamless payments. Paytm’s new payments infrastructure aims to handle fast-growing digital payment opportunities in the country.