Nigeria FinTech Landscape - Impact Assessment

Paytm Impact Quantitative achievements Over 7 million online merchants sell through Paytm and 850,000 Offline merchants accept it Around 260 million million people across India have Paytm mobile wallet accounts who make 5 million transactions daily Qualitative achievements 40 million Savings customers and other 60 million customers are expected to join the next year (as of March 2019) As of August 2018, Paytm is valued at ◉ paytm Expanded to Canada and has 100,000 Canadian customers as of February 2018 Service approved by the Reserve Bank of India ■ The company claims they are the most trusted consumer payments brand in India ■Its partners include Airtel, Vodafone, Tata Sky and BSNL SOURCE: McKinsey Panorama $10 bn EFINA 114

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