Paytm targets 100 million wallets by 2015

Mobile commerce platform, Paytm, plans to acquire 100 million wallets by 2015 from the over 50 million wallets it has now, a company statement said on Tuesday.

“It is a matter of great pride that over 50 million Indians have trusted us with their money, and 1/3rd of them transact on Paytm on any given month,” said Paytm CEO Vijay Shekhar Sharma.

“We do over 60 million transaction per month, which makes us the largest mobile commerce player. We believe that half a billion Indians will be a part of the Paytm story, and we will help in on-boarding them into India’s main stream economy, using mobile payment & commerce services,” he added.