Financial services are going to become the next big bet for mobile payments company Paytm , which plans to invest about Rs 5,000 crore in its core business this year. Excerpts:We will invest more money in financial services this year as customer lifecycle is getting to the next level of maturity. This year, we are looking at more than Rs 5,000 crore of investment, including payments and financial services. As of today, we do three categories of P2P business — Paytm Bank, Paytm Wallet and Third Party Networks, which are banks.Remember we are huge on-us (transactions happening between Paytm users) company. Why is Paytm KYC happening on such a scale?

Source: Economic Times May 07, 2018 02:42 UTC