Paytm has announced its plans to expand into Singapore and other South-East-Asian markets. To establish its presence in these areas, Paytm has appointed Sourabh Sharma founder of online crowdfunding platform Milaap. He will head the SEA operations and tap the smartphone savvy population in the region to employ Paytm’s payment solutions.
In the target markets, Paytm intends to get more users for its app for paying utility bills initially, which gradually will cater to areas such as bill payments, transportation, parking, metros etc. With this expansion, the company further plans to tap other South East Asian markets of Indonesia, Thailand and Malaysia.
“We are excited on the opportunity of providing consumers with a great payment solutions on mobile. Most people still resort to traditional ways of bill payments such as bank transfers, kiosks and physical outlets of the service provider. I am extremely excited to be a part of Paytm’s growth in this area,” Sourabh Sharma said.
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