PayPal India upbeat on food tech segment; set to tie up with leading player shortly

PayPal India, the local arm of the Nasdaq-listed global digital payments major, sees ‘food tech’ emerging as its largest segment, surpassing travel, in the next few years, as more Indians take to online food ordering in a big way.

“Food tech will the our main focus area for our domestic payments business in 2020 and 2021,” Siddharth Dhamija, Director, PayPal India, told BusinessLine.

“We are very confident that both the so-called leaders in the market (in online food delivery) will start working with us this year and the year forward. Food tech is a very important segment for us.”

While Dhamija declined to name the leading food tech merchant that PayPal plans to soon tie up with, market is rife with speculation that it could be Swiggy or Zomato.