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Banking And Finance
Paytm targeting five lakh customer base in Kerala
Kochi: Paytm plans to invest Rs500 crore in 2018 to conduct merchant training and awareness creation about the digital payment platform.
Paytm regional head Tom Jacob said the company has a customer base of 300 million and it is growing rapidly with the introduction of QR code system.
According to Jacob, the company has also one lakh merchant base in Kerala at present. ``We are targeting to increase bases in the State to five lakh,’’ he added.
On Paytm imposing fee for transactions, he said at the moment the company is focusing on building the customer base rather than generating revenue.
Written By
CL Jose
Editor at Business Benchmark NewsHave been in the financial media since the early 90s, starting with Financiall Express in Mumbai. Worked in Mumbai editions of Business Standard and Observer of Business and Politics. I spent most of my journalistic career in the GCC - Saudi Arabia, Oman and UAE with various business newspapers, mostly covering banking and finance.
