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

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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