Indian mobile commerce platform Paytm has announced its plans to expand to Singapore and other Southeast Asian markets such as Indonesia, Thailand and Malaysia. To establish its presence in these geographies, the company has appointed Milaap Founder, Sourabh Sharma.
The company intends to bring to these markets its app driven payment of utility bills in the first phase, and will primarily cater to areas such as bill payments, transportation, parking, metros etc.
Vijay Shekhar Sharma, CEO, Paytm said, “Paytm is committed to growing its presence in global markets through a route of partnerships and grounds-up built company across regions. We are happy to have a seasoned entrepreneur in Sourabh Sharma leading this charge out of his Singapore base for Southeast Asia.”
Sharma will be driving the Southeast Asia operations and tapping the smartphone savvy population in the region to employ Paytm’s utility payment solutions. The region offers a great opportunity for payments on-the-go via the Paytm mobile app for recurring bills such as telecom, power, broadband, seasonal parking as well as for pre-paid card services.
On the appointment Sourabh Sharma said, “We are excited on the opportunity of providing consumers with a great payment solutions on mobile. Most people still resort to traditional ways of bill payments such as bank transfers, kiosks and physical outlets of the service provider. I am extremely excited to be a part of Paytm’s growth in this area. With a powerful product and a well-thought out strategy, I am certain that we can establish a firm foothold for Paytm in Singapore and other Southeast Asian geographies in the near future.”
Consumer brand of mobile Internet company One97 Communications, Paytm is headquartered in Delhi NCR. It started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps.