Paytm to turn credit rating agency. Here’s why
Advertisement
Advertisement
Delhi based mobile commerce company, Based on its promise of ‘Handcrafted in India’, Paytm will bring Alibaba's mobile payment platform ,
"We are on our roadmap to touch 100 million customer by end of this year," its founder
“We will sign up with affiliates to provide these customers with cash advances, personal or education loans,” he added. If you’re tired of entering your Debit Card or net banking PINs every time you access the mobile platform of Paytm, it is also working with Alipay on a technology that'll use face recognition to authenticate payments.
In an aggressive bid to widen its business, Paytm is working with Mumbai Metro, fast food chain
Advertisement
"Wallet customer in China does so many more transactions in a day that we are going to bring those technologies to India. For example, in a store, instead of paying through cash or card, you'll be able to show the shopkeeper a QR code on your mobile, he'll scan the code and the payment will be done in a single click," Sharma explained.
The company already does over 32 million transactions a month through its 27 million wallet customers and more than Rs 60 crore is being added to Paytm wallets, Sharma said.
(Image:
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer