From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.
Walmart-backed digital payments platform PhonePe aims to turn profitable soon by leveraging its network of retail customers and merchants to offer a range of products and services.
The interoperability among prepaid instruments is perhaps the most promising move in the recent times to accelerate the digital payments ecosystem in India.
From being the exclusive privilege of a few, American Express wants to reposition itself in India as a credit card for the aspiring affluent and tap into the country’s growing consumerism.
You could call him a magician. Or you could call him a banker (of sorts). A music lover (“I love U2”). A startup whiz. Or just a successful entrepreneur who knows how to make people spend, and spend smart. Or, as most people do, call him Vijay Shekhar Sharma, founder of arguably the best-known digital wallet in the country, Paytm. We call him the face of the move of the year.
