Paytm Plans Overseas Expansion, Focuses On Singapore, Southeast Asian Market

Online payment services Paytm is expanding its base in other Southeast Asian markets including Singapore. In order to materialize its overseas expansion plans, the company has appointed Sourabh Sharma, founder of Milaap as the head for its Southeast Asian operations.

“We are excited on the opportunity of providing consumers with great payment solutions on mobile. Most people still resort to traditional ways of bill payments such as bank transfers, kiosks and physical outlets of the service provider. I am extremely excited to be a part of Paytm’s growth in this area. With a powerful product and a well-thought out strategy, I am certain that we can establish a firm foothold for Paytm in Singapore and other South East Asian geographies in the near future,” said Sharma.

Sharma, who is based out of Singapore, will be responsible for tapping the mobile consumers for Paytm’s services.

“Paytm intends to bring to South-asian markets their app driven convenience of paying for utility bills in the first phase, and will cater primarily to areas such as bill payments, transportation, parking, metros etc. With this expansion, the company further plans to tap other South East Asian markets of Indonesia, Thailand and Malaysia,” said Vijay Shekhar Sharma, CEO, Paytm.

Commenting on the appointment of Sharma, he added, “Paytm is committed to growing its presence in global markets through a route of partnerships and grounds-up built company across regions. We are happy to have a seasoned entrepreneur in Sourabh leading this charge out of his Singapore base for South East Asia.”

Image: Paytm.com