INSUBCONTINENT EXCLUSIVE:
and Alibaba Group Holding Ltd
payments over smartphones
Of that, 70 rupees went toward processing payments and another 86 rupees were spent on cash-backs and other enticements
however, Paytm ended up with a 27 rupees surplus on the same 100 rupees revenue
The underlying technology, which Paytm uses to compete against Alphabet Inc.'s Google Pay and Walmart Inc.'s PhonePe, is a shared
utility anyone can commercialize
