MUMBAI: India’s largest mobile payments platform Paytm’s instrumental role towards pioneering the cashless economy has been honored in American business magazine Fast Company’s annual ranking of the world’s ‘50 Most Innovative Companies’ for 2018. The company is among the only two Indian companies that has joined the list of other leading global companies such as Netflix, Tencent and SpaceX.  

Most Innovative Companies is one of Fast Company’s most significant and highly anticipated editorial efforts of the year. To produce the 2018 list, more than three dozen Fast Company editors, reporters, and contributors surveyed thousands of enterprises across the globe to identify the most notable innovations of the year and trace the impact of those initiatives on business and industry. 

Paytm has played a key role in making payments easy for Indians. It has pioneered QR based mobile payments in the country and supports all payment methods including Credit/Debit Cards, Net Banking, Paytm BHIM UPI and the Paytm Wallet. It offers customers the widest range of offline and in-store payment use-cases among others. Today the company’s widely accepted QR is enabling merchant partners across India to accept unlimited payments directly into their bank accounts at 0% fee. It is also fast emerging as the largest platform for UPI payments in India.