Digital Payments in India eat into Banks POS Business

paytm-digital-payments-in-indiaThe Indian RBI has bucked the overall Economic Trends and given wide scope for Digital Payment Platform. In this backdrop it is very important to note that PayTM Digital Payment Platform [Wallet using Pre-Paid Cash or Money Added via Debit / Credit Card, has now acquired over 600,000 merchants (compared to 300,000 for SBI, the largest among bank acquirers) within 9 months of launch. PayTM is already conducting ~ 10mn transactions a month (plans to double it over the next few months) with these merchants, compared to

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