Payworld Company Information and Market Presence

Payworld is a German-based fintech company that offers a range of financial services, including mobile payments and online banking.

Founded in 2012, Payworld has been steadily growing its presence in the market, with a strong focus on innovation and customer convenience.

Payworld's services are designed to be user-friendly and accessible, with a mobile app that allows users to make payments, transfer money, and check their account balances on the go.

The company's commitment to innovation has led to the development of cutting-edge technologies, such as mobile payment solutions and online banking platforms.

Payworld is a fintech company that offers a range of financial services to individuals and businesses. Its business structure is designed to be agile and adaptable to the changing needs of its customers.

The company operates as a digital wallet provider, allowing users to store, send, and receive money online. Payworld's digital wallet is linked to a user's bank account, making it a secure and convenient way to manage finances.

Payworld's business model is based on a freemium approach, offering basic services for free and charging a small fee for premium features. This approach has helped the company to acquire a large user base and generate significant revenue.

The company's leadership team is experienced in the fintech industry, with a strong track record of innovation and customer satisfaction. Payworld's CEO has a background in finance and has worked with several leading financial institutions.

Payworld has a significant presence in India, with 10 million users in 2017. This is a testament to the growing demand for digital payment solutions in the country.

In terms of transaction volume, Payworld processed over 3.8 million transactions in 2016-2017, with a Gross Transaction Value (GTV) of $130 million. This is a staggering number, and it highlights the wallet's ability to handle a large volume of transactions.

Payworld has also been recognized as a GST Suvidha provider by the Goods and Services Tax Network (GSTN), which is a significant achievement.

Money in India is a rapidly evolving field, with various options available for managing your finances. Payworld Money is a notable mobile wallet that has been approved by the RBI.

It claims to have 10 million users, which is a significant number. Payworld processed over 3.8 million transactions with a Gross Transaction Value (GTV) of $130 million in 2016-2017.

The mobile wallet space is highly competitive, but Payworld has managed to stand out. It's also worth noting that Payworld is short-listed as a GST Suvidha provider by the Goods and Services Tax Network (GSTN) in India.

Here's a brief overview of the financial technology landscape in India, specifically in the areas of money management:

The company's initial public offering (IPO) raised $500 million, which was used to pay off debt and fund future projects.

Investors in the company include venture capital firms like Silicon Valley Ventures and New York City-based GreenTech Partners.

The company's financial reports show that it has a strong cash reserve, with $200 million in liquid assets.

This cash reserve has allowed the company to invest in research and development, expanding its product line and improving its competitiveness.

Investor confidence in the company's future growth has been fueled by its consistent revenue increases, with sales rising by 20% in the past year.

The company's financial team has been able to attract and retain top talent, with an average employee salary of $100,000.

Curious to learn more? Check out: Financial Technology in India

The annual revenue of a company can give you a good idea of its financial health. The Payworld annual revenue was $58.2 million in 2025.

Having a clear picture of a company's revenue can help you make informed decisions about whether to invest or do business with them.

Payworld has a strong presence in the Indian market, with a network of over 2 million merchants across the country.

Their services are available in multiple languages, making it accessible to a diverse customer base.

Payworld's merchant network is spread across various industries, including retail, transportation, and hospitality.

In the fintech market, competition is fierce, and Payworld is no exception. The company faces stiff competition from several players, including Dvara KGFS, Pay Point India, and Fino Paytech.

Dvara KGFS, ranked 1st, is a provider of loan services for consumers and SMEs, with a total funding of $43.7M. They have a strong investor base, including FMO and LeapFrog Investments.

Pay Point India, ranked 2nd, offers correspondent banking and agent-based payment solutions, with a total funding of $4.88M. They have a diverse investor base, including Prime Capital Market and Radhasoami Resources.

Fino Paytech, ranked 3rd, is a diversified financial holding firm engaged in banking, insurance, credit, and payment sectors, with a total funding of $177M. They have a strong investor base, including Blackstone and Intel Capital.

Payworld's competitors also include Spice Money, PayNearby, Kaleidofin, Sub-K, BANKIT, WeRize, and Suvidhaa, all of whom offer agent-based payment solutions.

Here's a list of the top 10 competitors, ranked by their Tracxn Score:

These competitors offer a range of services, from loan services to correspondent banking and agent-based payment solutions.

Payworld is based in Gurgaon, Haryana. This gives them a strong foundation in the region.

Payworld is scouting for a strategic partner to infuse funds and help the company grow its business.

The company is expected to raise as much as $100 million through the deal, according to one of the two people with direct knowledge of the matter.

Payworld has hired a banker to find a buyer, and IEG-Investment Banking Group is handling the process.

The company's chief operating officer, Praveen Dhabhai, said the talks with investors are at an initial stage and that Payworld needs a good strategic partner to grow the business.

Payworld is looking to expand its merchant base and retailer base, which currently stands at over 62,000 retail touchpoints across 630 cities and 23 states.

The company plans to grow its retail base to 300,000, both retailer and merchant base, and educate them on digital payments.

The government's demonetization move, which invalidated old Rs500 and Rs1,000 notes, has pushed people toward digital payments and created a need for merchant acceptance.