Citigroup Ties Up With India’s Digital Paytm for Card Launch

www.wsj.com

In payments, ubiquity trumps novelty every single time. Paytm just tried to make acceptance more ubiquitous. Paytm is partnering with Citigroup to launch the mobile-payments app best known for QR code payments in India‘s first physical credit card. While card penetration is still low in India relative to other developing countries, it’s use is growing faster than QR code payments.

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