New Delhi: Vijay Shekhar Sharma, founder and CEO of digital payment company Paytm, has said that the company can turn profitable after two years. The company is now cashing in on its existing customer base and is looking forward to growth in other financial services sector in the coming years. The Noida-based company is focusing exclusively on three areas – financial services, commerce and payments.
Paytm has moved ahead of demonetisation in 2016. Sharma said that Paytm has three stages of development – three years of finding the right product to suit the market, the next phase was of revenue and monetization, and the last phase would be profits and free cash flow. Paytm started implementing QR codes in 2015 and the work was completed in 2018-19.
