Harvard Business School to teach Paytm’s business growth model

NEW DELHI: India’s pioneering e-commerce and digital payments company Paytm has been included as a case study by the India Research Center of the Harvard Business School.

The study focuses on the company’s journey from being an online recharges platform to now building India’s largest mobile payments platform. The company’s unique focus on enabling offline payments even for the smallest retailers and businesses by using smartphones and QR codes has disrupted the payments ecosystem in India is a part of the case study.

The study titled as ‘Paytm: Building a Payments Network’ is currently in the process of being published and will be available for teaching purposes both within and outside Harvard.

Commenting on this achievement Vijay Shekhar Sharma, Founder and CEO – Paytm said, “We are on a mission to bring half a billion Indians to the mainstream economy and in turn build a business that India would be proud of. For us, the journey to enable fellow countrymen with digital payments and become a part of financial inclusion has only started right now. It is truly a privilege to have it become a part of the curriculum offered by the prestigious institute.”

Professor Sunil Gupta of Harvard Business School, said, “Paytm is revolutionizing payments in India and it is a shining example of India's digital future.”

With the launch of the forthcoming Paytm Payments Bank, the company aims to provide financial inclusion in the form of accounts, loans, insurances and other similar financial products for the banked and under-banked in the country.