"Paytm is 30-50 per cent larger than its competition. Dominates digital payments with over 1.2 billion monthly transactions led by growth in merchant payments," Paytm vice-president Narendra Yadav said.
The solution has the capability to transform NFC (near field communication) enabled smartphones into merchant Point-of-Sale (PoS) terminals for retailers, SBI and NPCI said in a joint release on Friday.
