Paytm emerges monetisation leader as merchant payments drive bulk of industry profits: Bernstein
PayTm. File picture | Photo Credit: Reuters India’s digital payments ecosystem is moving beyond a scale-led narrative, with merchant payments emerging as the core driver of revenues and accounting for nearly three-fourths of the industry’s net revenue pool, according to Bernstein’s latest sector primer. The brokerage estimates the current payments revenue pool at roughly ₹25,000…