Paytm To Hire 10,000 Agents To Expand Offline Merchant Network 

New Delhi: Mobile payments and commerce platform Paytm will hire over 10,000 agents to expand offline merchant network to over 20 lakh touch-points by the end of the current fiscal.

Brick-and-mortar merchants and other online-to-offline sectors present a huge opportunity for digital payment companies, especially in the wake of Rs 500 and Rs 1,000 notes being demonetised. Various reports and industry experts believe payment volume and transaction sizes via digital platform is expected to grow manifold in the coming months.

Paytm said its platform saw an overwhelming 435 per cent increase in overall traffic within hours of the Prime Minister's announcement.

PTI