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India’s Top Payment App Has Eyes on U.S. Market

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Eric Billiter
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“I want to build a product made in India consumed by those…in the developed world,” he said.

One of India’s largest startups, Paytm was last valued at more than $7 billion, after raising $1.4 billion from SoftBank earlier this year.

It has yet to show a profit, according to Mr. Sharma.

Mr. Sharma said the company would use its operations in Canada, where the app was launched in March, as a testing ground.

Noida, India-based Paytm is also open to a partnership with Facebook Inc.’s WhatsApp, Mr. Sharma said, which would allow the messaging app’s users to plug into Paytm’s services.

Paytm has been preparing to add messaging to its own app.

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Eric Billiter
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