Paytm eyes more than double its growth in Tamil Nadu, Kerala

CHENNAI: Digital payments firm Paytm, promoted by One97 Communications Ltd, has set a target to achieve more than double its business growth in Tamil Nadu and Kerala, an official said here on Wednesday.

The move by the company follows the launch of all-in-one QR Code facility enabling merchants to accept unlimited payments through the company's wallet, Rupay Cards and UPI (unified payments interface).

The company has set a target to achieve more than double business growth in Tamil Nadu and Kerala within a year, company senior vice-president Saurabh Sharma said.


"Tamil Nadu and Kerala have witnessed a 50 per cent business growth in last year and we expect significant growth in digital adoption from this region in 2020", he told reporters.

"With the addition of All-in-One QR to this application, we will support the merchants products. We will continue to add new-age banking and financial producs to our Paytm for business application," he said.

He said the platform offers a single reconciliation of all payments through its 'Paytm for Business' application. The company plans to invest in merchant solution for a deeper engagement beyond payments, he said.