As India is moving towards a cashless economy, we are seeing a lot of growth in payment apps with Paytm making huge numbers and BHIM making an entry in the Unified Payment Interface category.
The cashless transactions have even seen a growth of 1000x at the time of demonetization, which reflects India as a potential cashless economy.
Being already told about Paytm making a huge profit, WhatsApp is also set to launch their own digital payment platform within six months and it can be a potential threat to Paytm.
Let's read more in detail.
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