Digital payment firms cash in on India's money mess, but can it last?


An advertisement board displaying a QR code for Paytm, a digital wallet company, is seen placed amidst vegetables at a roadside vendor's stall in Mumbai, India, November 19, 2016. Picture taken November 19, 2016. REUTERS/Shailesh Andrade

MUMBAI/NEW DELHI: Digital payment providers in India have mobilised hundreds of extra workers to enrol small merchants and offered their services for free, betting that severe cash shortages will prove to be the opportunity of a lifetime. 

Signing people up, however, may be the easy part. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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