How is Paytm? Registration requirements for Chinese sellers on the Paytm platform

Paytm is India's largest mobile payment and business platform. It was founded by Vijay Shekhar Sharma in August 2010. Its core business is to provide online payment services, using mobile terminals to realize mobile recharge, bill payment, travel, movie ticket booking, hotel booking and other services. Paytm is known as the "Indian Alipay". It has developed rapidly since its inception and has received investments from groups such as Alibaba and Softbank. As of January 2018, Paytm's market valuation reached US$10 billion. Since then, Paytm has developed in many aspects. In February 2017, Paytm launched the Paytm Mall application to officially enter the e-commerce field. With its powerful payment function, consumers can shop from 1.4 million registered sellers.

Paytm platform Chinese seller registration requirements

Many sellers know that the Indian e-commerce market is a big cake, but many platforms restrict foreign merchants from entering. If you want to open a store on these platforms, you can usually only find an Indian agent to assist in opening a store. However, Paytm has opened a special channel for foreign sellers, especially for Chinese sellers. It is very convenient to enter Paytm. There are several ways:

1. Contact the investment manager of the paytm platform and submit the relevant information for review and activation.

2. Independent online registration and activation, suitable for corporate sellers to settle in Paytm.

3. Traditional agent mode, open with Indian corporate agent. Currently, individual sellers can choose this mode.

Chinese sellers need to prepare the following information to open a store on Paytm:

Business license number (three certificates in one)

Scanned copy of business license

Company registration name

Legal person ID number

Company registration address

Scanned copy of the legal person's ID card (front and back)

Operator (contact person) name, phone number, address

Paytm Store Name

Registered email address (this is very important, all Paytm emails will be sent through this email address)

Company Location

Enterprise type (factory, brand, trader)

Total number of enterprise SKUs

Annual turnover

Paytm store category selection

Store links on other platforms (Amazon, eBay, AliExpress, etc.)

Screenshot of sales data of other platform stores in the past month

Choose a cooperative channel for accommodation (there are many cooperative agents in China, and you can also choose others)