Paytm Eyes Two Developed Markets in 2019

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After its foray into Canada and Japan, Online payments platform Paytm is reportedly considering expanding its digital payments services into 1-2 more developed markets in 2019, according to the company’s chief financial officer (CFO) Madhur Deora.

Without giving out details of which these countries will be, a media reported cited Deora saying, “We have found the developed markets to be very interesting” at the recently held World Economic Forum in Davos.

The Noida-based fintech company was launched in 2010 by Vijay Shekhar Sharma. The company which started as a utility payments company in India has since then expanded its business verticals into several ecommerce and financial services.

Paytm’s ‘bill payments services’ was launched in Canada in March 2017. Notably, the company had already set up Paytm Labs, the R&D division of Paytm, in Canada in 2014. Canada Paytm allows its consumers to be able to pay for their cell phone, cable, internet, electricity and water bills, including insurance and property taxes.

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