India’s payments space to mature, says Paytm founder & CEO Vijay Shekhar Sharma

Paytm founder & CEO Vijay Shekhar Sharma on Tuesday said competition in the payments space will become more mature. “In the next two years, every payments business in this country will talk sustainability, profitability,” Sharma said in a conversation with Anant Goenka, executive director, The Indian Express, at the India Digital Summit.

Commenting on the competitive scenario in payments, Sharma observed that much like in other industries there are always several starters after which there will be a period of rationalisation. “When we started as a payments business, our challengers were different, today they don’t exist. And I can say that two years ahead our challengers will be different from those today,” he said.