Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
May, 04 2015

After IRCTC, Paytm joins hand with QSRs for offline payment

Recently, Paytm had forayed into the eCommerce space putting itself in direct competition with giants like Amazon, Flipkart and Snapdeal.

Paytm, the online recharge and payment services is entering offline space by partnering with QSR chains like CCD and Domino’s.

As the Alibaba- backed company is planning to enter the offline retail space, the customers can have the access to Paytm’s mobile at these restaurants.

At present, Paytm offers and recharge services for DTH and mobile phone services as well as mobile wallet services for online transactions on Uber, Bookmyshow, eBay and IRCTC.

"We are now foraying into the offline space. We have partnered with various QSRs covering 7,000-10,000 outlets in cities like Delhi, Mumbai, Bangalore and Hyderabad," said Amit Lakhotia, Vice-President (Business), Paytm.

A mobile wallet is a prepaid payment instrument, which allows customers to digitally store money in a secure virtual wallet and use it to pay bills and other services.

Recently, Paytm had forayed into the eCommerce space putting itself in direct competition with giants like Amazon, Flipkart and Snapdeal.

"Mobile wallet usage is definitely growing in the country. On our platform alone, about 66 million people are using the wallet services and the number will cross 100 million much before the year ends," added Lakhotia.

By going offline, Paytm will offer customers the choice to pay through a secure and reliable platform.

Paytm is expecting a revenue of USD 4 billion (Rs 25,417 crore) by year-end from USD 1.5 billion at present.  

Comment
Related opportunities
  • Ayurvedic, Herbal & Organic Products
    About Us We offer an effective, natural and non-surgical approach to..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Preschools
    About:  Sheetal Kids is a venture of Sheetal Academy- a well-established..
    Locations looking for expansion Maharashtra
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Healthcare Products
    MICROSIDD India Private Limited is registered under Ministry of Commerce,..
    Locations looking for expansion Karnataka
    Establishment year 1999
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Bakery & Confectionary
    About Temptations :-Started as a bakery and cafe outlet, Temptation..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 400 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities