Alipay is offering Paytm its technological capabilities and risk management systems, economictimes.indiatimes.com reports.
About 10% of Paytm transactions come from offline merchants, which the company expects to increase to 50% by the end of 2016. In China too Alipay gets about 10% transactions from offline merchants.
In China about 30% of people use cash, whereas in India that number is close to 95% Paytms offline merchant network.
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