Paytm to invest ₹600 cr to expand QR code payment system
Digital wallet startup Paytm will invest ₹600 crore over the next 10 months to expand its QR code-based payment network. QR code, or Quick Response code, is a machine-readable label that contains information such as account details of the merchants. Paytm introduced QR codes in October 2015 and 65% payments on its platform are made via these codes.