Payments News

Paytm Eyes Developed Markets In 2019

Jan 24, 2019

Paytm, the digital payments company, could expand into one or two more developed markets this year.

According to a report in Deal Street Asia, during a presentation Wednesday (Jan. 24) at the World Economic Forum in Davos, Paytm Chief Financial Officer Madhur Deora said the company has found developed markets to present an opportunity, pointing to its expansion in Canada and Japan. He said several verticals for the company had begun to earn revenue and profits. “We have found the developed markets to be very interesting,” Deora said. The CFO didn’t provide a timeline for when Paytm would enter new markets or to commit definitively to the idea, noting the company is also in the process of building a scalable business.

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