Why does Paytm fail?
#Day71 of #HelpingAspiringPMs100Days
Once, Paytm was the king of the online Transaction market in India.
I have done a search about Paytm. You generally use those products that are associated with one problem that they solve.
PhonePe for UPI Payments
WhatsApp for Messaging
Blinkit for Quick delivery
However, when I speak with people about Paytm, I find that Paytm offers multiple products, including Paytm wallet and Paytm Mall, etc. This is confusing, as it doesn’t provide clarity on what Paytm do.
So, that's one of the main reasons Paytm loses its market share in the Indian market.