A sign for PayTM online payment method, operated by One97 Communications Ltd., is displayed at a street stall selling accessories in Bengaluru, India, on Saturday, Feb. 4, 2017. A relative laggard in digital transactions, India has more recently seen 50 percent year-on-year growth, according to a study by Google and Boston Consulting Group. The pace may accelerate with demonetization giving digital wallets like Paytm, MobiKwik and Freecharge an extra push. Photographer: Dhiraj Singh/Bloomberg
GREATER NOIDA, India: At a furniture store outside India’s capital, a salesman scans the manager’s ID and takes her fingerprint on a biometric device attached to his cellphone.
Within minutes, Meenakshi Sharma becomes eligible for an account with Paytm, joining the hundreds of thousands who have signed up to a payments banking system that is revolutionising India’s retail sector.
Limited time offer:
Just RM5 per month.
