Home Retail Paytm eyes seller base of 5 lakh by FY17-end

Paytm eyes seller base of 5 lakh by FY17-end

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By the end of next financial year, mobile payments firm is expecting to increase its seller base on its online marketplace multi-fold to 500,000.

Paytm eyes seller base of 5 lakh by FY17-end
Recently, it has also forayed into offline mode of payment solution

Currently, the company that offers a host of buying options to consumers has 100,000 sellers on its marketplace. Apart from this, the company is also running a lot of loyalty programmes for its sellers.

Per day, the mobile payments firm facilitates about 300 million payment transactions and along with this, recently, it has also forayed into offline mode of payment solution.

In the past two years, Paytm has become one of the fastest moving market place. By January 2016, the company’s Gross Merchandise Value (GMV) stood at $2 billion.