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India’s Paytm says 50% of its users are in small towns

India’s leading mobile-phone payment platform, Paytm, which has China’s Alibaba and Japan’s SoftBank as major investors, is witnessing rapid growth in Tier 2 and 3 cities. The company claims these cities now constitute 50% of its user base, The Times of India reports. Paytm has now achieved a run rate of 5 billion transactions and US$50 […]