Paytm shares rebound in intraday trade, Motilal Oswal sees 30% upside
Paytm saw its worse after the Reserve Bank of India (RBI) put a ban over the operations of its payment bank services.
Paytm Mall will scale its hiring efforts this year, and plans to employ 3,000 agents as a part of its plan to build offline-to-online (O2O) commerce, it said in a statement.
It will do so by bringing on board trusted local shops across the country to sell their inventory on its platform to a larger customer-base, it added.
It expects that this would help local shops sell products without having to manage inventory, payments and logistics, thereby opening up additional revenue streams for them.
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Additionally, online merchants and brands can leverage this network to expand their presence in the offline world, Paytm said.
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