Paytm saw a 15% increase in overall payment transactions last month on its platform, says founder and chief executive officer Vijay Shekhar Sharma BENGALURU : Payment startups in India are moving towards an online-only approach to offset the decline in transactions at kiranas, or neighbourhood stores, amid an extension of the countrywide lockdown.
With the domestic digital payments industry posting a 40% decline in payment volumes in March, the startups are hoping their revised strategy will pay dividends.
In an interview, Vijay Shekhar Sharma, founder and chief executive, Paytm, spoke about growth being impacted by a quarter, hiring and new verticals.