Paytm to invest $5 million to address the needs of shopkeepers

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Paytm to invest $5 million to address the needs of shopkeepers

Paytm Mall, owned by Paytm Ecommerce, said that it will support its shopkeepers to take on online retailers and will invest up to $5 million to address the needs of its partner retailers. “We will continue engaging with our partnered retailers to build our inclusion programme and enhance their businesses. This will create new jobs and further support our nation,” said chief operating officer of Paytm Mall, Amit Sinha, in a statement.

Paytm Mall has introduced a retailer inclusion programme, under which the company will invest $5 million and has set up a dedicated team of 500 personnel to address the unique needs of these retailers.

Paytm Mall aims to become the technology partner of retailers and brands, enabling them to set up stores online. It expects that through technology, shopkeepers can leverage the power of mobile and generate additional sales through the Paytm Mall platform to increase their business.

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