India: Paytm on track to achieve its goal of 500m digital wallets by 2020

India: Paytm on track to achieve its goal of 500m digital wallets by 2020

Harinder Takhar, former Paytm CEO, who is now Paytm Labs CEO. Photo: Priyanka Parashar/Mint

In June 2013, this reporter was at Paytm’s Noida office to interview chief executive officer (CEO) Harinder Takhar (now CEO of Paytm Labs) when the digital payments company hit 1 million downloads on its Android app. Takhar was far from effusive. His reaction, amid high-fives around the office that Paytm shares with parent company One97 Communications, was to turn his 27-inch computer screen around to face us and smile contentedly.

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