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News: Paytm Likely to Sign up with Flipkart for its Mobile Wallet Services

Paytm likely to sign up with Flipkart for its Mobile Wallet services
Flipkart to pay via Paytm mobile wallet services @LogicserveDigi

Flipkart to pay via Paytm mobile wallet services @LogicserveDigi

Shoppers on Flipkart may soon be able to pay for their purchases via Paytm mobile wallet services. Currently, nearly 50% of Flipkart customers prefer to shop through COD which are likely to be offered the mobile wallet option of making payment in order to reduce the risks involved in handling cash along with high returns and other related hassles.

It is very likely that Flipkart will be offered with a different payment system by Paytm who will earn a commission on every transaction happening across its platform. This is considering the fact that Flipkart conducts a large number of transactions on a daily basis and has nearly 60,000 sellers listed on its seller’s list with a gross merchandise value of approximately $8 billion.

Meanwhile, Uber and Meru are two major private taxi companies who have tied up with Paytm for its wallet services.

Ref: http://goo.gl/Lkykoi

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