Home >> Paytm ventures into Rummy and Fantasy Sports.

Paytm ventures into Rummy and Fantasy Sports.

05 FEB 2019

Paytm, an Indian-based digital wallet and e-payment system, is poised to draw more customers after it was announced that the company’s mobile app now features Skill Games like Rummy and Fantasy sports.

Founded in 2010, Paytm is an Indian-based digital wallet and e-payment system. Paytm users can play for a variety of goods and services such as mobile plans, utility bills, and groceries.  Over 7 million Indian merchants accept Paytm and the company is valued at $10 billion.

Paytm’s fantasy sports app, Gamepind, was created by Vinfotech, which is an Indore-based software developer offering DFS games for cricket, football, and kabaddi. Neither of these new additions are currently available for real money but Paytm and Gamepind plan to offer real-money portals in the near future. However, those who use the fantasy sports app can play it using “beans” which can be bought through Paytm. Aside from the newly released fantasy sports and rummy, other games including trivia, ludo, and several other social games are available on the Gamepind platform.

Playtm announced last year that it had entered a partnership with AGTech to launch Gamepind. Paytm owns a 55% stake in the company while AGTech holds the other 45%. Both companies invested $16 million into the project. Paytm is one of the world’s largest eCommerce firms and is the largest Indian company to join the skilled gaming fray.

 

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