Payworld

Payworld is a mobile financial service company based in India that provides financial services including money transfer, recharges, and bill payments.[1][2] The company was founded in 2006 by the Sugal & Damani group and has its headquarters in Gurgaon, Haryana.[3][4][5]

Payworld
Type of businessPrivate
Founded2006
Area servedIndia
Founder(s)Sugal & Damani group
URLwww.payworldindia.com

History

In 2006, Payworld started with electronic pre-paid voucher distribution for mobile phones in Madhya Pradesh, Uttar Pradesh and Gujarat. It is present in 23 states and 630 districts and 80000 villages across India.[6]

Payworld started its business with telecom partnerships; it now has more than 100 partnerships across various sectors. The company’s total transaction value in 2016-2017 was ₹1600 crores and ₹3800 crores in 2017-2018.[7][8]

Payworld Money

Payworld Money is a mobile wallet approved by the RBI. Payworld claims 10 million users in 2017.[9] This wallet processed more than 3.8 million transactions with a GTV of $130 million in 2016-2017.

Payworld is short-listed as GST Suvidha provider (GST Filing) by Goods and Services Tax Network (GSTN) in India along with other 33 GST Suvidha providers including TCS, Ernst, Deloitte, Mastek and more.[10]

References

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