Paytm founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at industry body Internet and Mobile Association of India (IAMAI).
Vodafone India business head (M-Pesa) Suresh Sethi will be the Vice-Chairman of the Group, At present, six out of 10 payments banks’ primary licensees are IAMAI members. IAMAI has more than 50 companies representing PPIs, wallets, aggregators, business correspondents, PoS Operators, among others as members.
The Reserve Bank of India had granted payment licences in August last year, to companies including Paytm, Reliance Industries, Bharti Airtel and Vodafone. The business potential from serving millions of unbanked Indians to further the financial inclusion initiative of the government and the Reserve Bank had attracted most of the top business houses.
Paytm is an Indian e-commerce shopping website headquartered in Noida, India, launched in 2010. It is owned by One97 Communications The firm started by offering mobile recharging, adding bill payment and e-commerce, with products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it added booking bus travel. Paytm also launched movie ticket booking in early 2016.
Paytm founder – Vijay Shekhar Sharma
So lets do:
1. Who is the Founder of Paytm?
2. Who is head of Vodafone India business head (M-Pesa)?
Source – The Hindu