Paytm expects to achieve 2 billion transactions by end of 2019
Digital payments firm Paytm expects to achieve two billion transactions by the end of 2019, a senior official said Monday.
"Paytm is set to expand the payments market in India with its ambitious target to achieve two billion quarterly transactions this year. The company has been witnessing impressive month-on-month growth across all payment use-cases available on its platform.
"It is already a leader in offline merchant payments (P2M) with 80 per cent market share," Paytm Senior Vice-President Deepak Abbot said in a statement.
The company facilitates bill payment, online purchase of services and products through all payment methods such as wallet, UPI, net-banking and cards on its platform.
Paytm claims to have achieved 1.6 billion transactions in the first quarter of the ongoing fiscal year 2019-20 with continuous growth in merchant payments at retail stores.
Backed by Chinese internet company major Alibaba, the digital payment firm in the statement said neither does it charge or ...