Monday, December 08, 2025 | 05:55 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Paytm to invest Rs 600 crore to set up QR code-based payment systems

Paytm is investing in scaling up manpower, technology, and merchant education

Paytm
premium

Advertisements of Paytm, a digital wallet company, are seen placed at stalls of roadside vegetable vendors in Mumbai (Photo: Reuters)

Karan Choudhury New Delhi
Online mobile wallet Paytm will invest Rs 600 crore to set up QR code-based payment solution across the country.

QR codes are machine-readable codes consisting of an array of black and white squares, typically used for storing website links or other information that can be read by a smartphone camera.

Paytm is investing in scaling up manpower, technology, and merchant education so that merchants can accept digital transactions.

“Paytm’s QR code-based payment solution is already powering more than five million merchants today and is heavily used by consumers to pay in their everyday lives at mom-and-pop stores,