MUMBAI—India’s second-most-valuable startup, the mobile-payments app Paytm, has a new target after proving itself more popular than credit cards. “We’re competing with cash,” said Madhur Deora, Paytm’s chief financial officer. “In India, we’re not competing with cards.”The company’s boast isn’t a stretch, given India’s crackdown on cash over the past six months has left citizens and merchants searching for cashless payment...

Source: Wall Street Journal May 31, 2017 12:00 UTC