Paytm Now Has 122 Million Active Users, Claims Investor
Paytm, one of India’s largest electronic payment platforms, has seen over five-fold rise in active users in one year, a senior company official said on Thursday. Ant Financial Services Group, an Alibaba Group affiliate, took 25 percent stake in One97, owner ofPaytm, as part of a strategic agreement in 2015. Peng Yijie, director of international business at Ant Financial, the financial arm of Internet commerce giant Alibaba, said that Paytm reached 122 million active users by the end of March. “About 5.6 times the figure in the beginning of 2015,”…
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