Paytm plans up to 50,000 outlets

Digital wallet provider Paytm is looking to set up 30,000 to 50,000 retail outlets where its 2.4 crore customers can load cash on their digital wallet. The company is also looking to enrol retailers – mostly kirana stores – as merchants for accepting digital payments. "For India to move from a cash economy to a cashless one, we need to have a number of places where cash can be converted into electronic form," Amit Lakhotia, VP-payments at Paytm, told TOI.

Source: http://timesofindia.indiatimes.com/tech/tech-news/Paytm-plans-up-to-50000-outlets/articleshow/46307194.cms

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