Paytm CEO Vijay Shekhar Sharma expects more revenues from expanding UPI use cases

Expanding use cases of the Unified Payments Interface (UPI) to instruments beyond bank accounts could lead to revenue generation for Paytm, the payment major’s chief executive Vijay Shekhar Sharma said in an earnings call on Saturday.

“I believe UPI has started going towards monetisation…different payment instruments will come on UPI. (The prepaid wallet instrument) has an interesting MDR (merchant discount rate) structure… If our Paytm wallet is being used on somebody else’s QR, the merchant-side QR will have to pay us,” Sharma told analysts, a day after the company declared its March quarter numbers.