ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
A sadhu, or Hindu holy man, in Allahabad, India, pays a merchant using Paytm. The mobile payments company has roughly 350 million users on its platform.   © Reuters
Startups in Asia

Buffett's Indian pick Paytm aims to build financial-services empire

Digital payments startup looks to profit by bringing small shopkeepers online

ROSEMARY MARANDI, Nikkei staff writer | India

MUMBAI -- Vijay Shekhar Sharma is used to dealing with skeptics. The 39-year-old founder of Paytm, India's biggest mobile payments business, was repeatedly turned away when he first sought backing for his startup.

"You are a great technology person but you have never done a consumer (business)," he was told. In the end, he managed to convince a group of investors who gave him $1 million and six months to prove himself.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more