Paytm to turn credit rating agency. Here’s why
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
"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.
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