Paytm has already found its footing in Canada and Japan, and several commerce and financial services verticals of the company have begun to churn out revenue and profits.
Digital
payments company Paytm
is considering foraying into 1-2 more developed markets in 2019,
Chief Financial Officer Madhur Deora said on Wednesday at the World
Economic Forum in Davos.
Paytm
has already found its footing in Canada and Japan, and several
commerce and financial services verticals of the company have begun
to churn out revenue and profits, Deora told the Reuters Global
Markets Forum.
"We
have found the developed markets to be very interesting," Deora
said.
While
the company can't commit to a definite launch in other markets, it is
working on building a scalable business, he added.
Berkshire
Hathaway Inc bought a 25 billion rupees ($356 million) stake in
Paytm's parent company One97 in August last year.
Paytm,
founded in 2010, which counts China's Alibaba Group and its financial
services arm Ant Financial Services Group among investors, faces
intense competition from other players such as Google Pay and
state-backed Unified Payment Interface (UPI).
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