Fri, Dec 9, 2016 | updated 08:57 PM IST

Paytm is further strengthening its offline payments network

Updated: Nov 10, 2016 13:25 IST

New Delhi [India], Nov 10 (ANI): Largest mobile payments and commerce platform Paytm is looking to hire over 10,000 Paytm agents as it seeks to aggressively expand its offline merchant network to over 20 lakh touch-points by the end of the current fiscal year.

Paytm's cashless payments are widely accepted across India owing to the ease, convenience and safety they offer. Thanks to the country's overwhelming response to Paytm, it is setting bolder targets to acquire more offline merchants in the coming months.

"As millions of consumers across India have taken to using their Paytm Wallets to transact offline, our biggest opportunity is to be available in every town and city in the country. We want to reach there faster, are looking to further strengthen our on-boarding teams as we continue to build India's biggest payments network," said Senior Vice President - Paytm, Amit Sinha.

Brick-and-mortar merchants and other online-to-offline sectors present a huge opportunity for Paytm to integrate its fast, secure and convenient payment solution. The company has recently registered unprecedented growth in offline payments.

The Paytm platform saw an overwhelming 435 percent increase in overall traffic within hours of the Prime Minister Narendra Modi announcing his plans to have a corruption-free India. This is a great showcase of how fast consumers across the country are taking to the ease, convenience and safety Paytm's cashless payments offer.

As Paytm becomes synonymous with payments in India, the company has been ramping up its customer and merchant acquisition efforts as they realize the benefits of the strong positive network effect and its diverse use-cases. The company is already dominating the country's offline commerce with its seamless online-to-offline ( O2O) payment solutions with an aim of building the country's largest payment network. (ANI)