India’s Paytm bets on local expertise to fend off global rivals

One97 Communications CEO Vijay Shekhar Sharma. As things stand, Paytm looks anything but a value buy for Berkshire Hathaway at a reported valuation of $10-12 billion. Photo: Mint

India’s top digital payments firm, Paytm, is betting on its local expertise and a deep pool of backers to fuel business growth and fight off global rivals in a rapidly growing market, its chief executive said on Tuesday.

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