Paytm to invest Rs 5,000 cr to retain lead in digital payment space: Report

The statement from the company came a day before one year of demonetisation anniversary, which happened on November 8, 2016 and gave boost to India's digital payment sector

Paytm, a home-grown mobile wallet and online payments company, would invest Rs 5,000 crore in its digital payment business over the next three years, said its founder Vijay Shekhar Sharma according to a news report in the Economic Times.

"Paytm has invested more than Rs 5,000 crore in mobile payment... As a company, we have invested the most and will continue to be the largest investor (in digital payments) in the country," he said in an interview to Economic Times, adding that the firm is seeking to double the investment in payments business over the next three