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Mobile payments firms in India are now scrambling to make money

Mimi Sabreena 8:37:00 AM Business

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Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one of the key architects of the Universal Payments Infrastructure that created …

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