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Paytm to invest Rs 600 crores to expand QR code payment system

Paytm to invest Rs 600 crores to expand QR code payment system

Monday, February 20, 2017, 10:59 AM

Online payments firm Paytm said, it will invest Rs 600 crores over the next 10 months to develop its QR code based payment network. Paytm is aiming to add 10 million merchants enabled with these codes, across 650 districts by December. Paytm already gets 65% of overall transactions on its platform through QR codes.
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