Paytm expected around 4.5 billion transactions in this year

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Alibaba’s Paytm is expected to have 4.5 billion transactions in the current financial year. He is excited by the tremendous surge in digital payments in the country. Noida’s company had registered 1.5 billion transactions last year. This company runs mobile wallet and e-commerce portal.

“We have witnessed remarkable growth and this year, we are also expected to reach 4.5 billion transactions with multiplication and growth,” said Shekhar Sharma, founder and CEO of Paytm, told reporters here. The credit goes to the second class and the subsequent cities of this growth. “He said that the company is growing rapidly in Jaipur, Sonipath, Vijayawada, Visakhapatnam and Durgapur. As of March, 2017, the number of people using the Paytm Mobile Wallet was 21.8 million.

Paytm expected around 4.5 billion transactions in this year

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Explain that Paytm recently announced that his movie ticketing unit has crossed the GMG (gross sale) of 400 million rupees within a year of launch. PaytM’s online movie ticketing service enables booking in 3500 screens in more than 550 cities.

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In a statement, the company said in a statement that within a year of launch, Petty has restored the traditional offline ticket booking system and has created a comprehensive supply chain of local theaters. It has partnered with many famous regional theaters in the city, such as Raj Mandir in Jaipur and others, so that their inventories can be brought online.