42% of Indian Kirana stores already moved away from Paytm
The Business Guardian|February 09, 2024
A survey released by Kirana Club on Thursday revealed that after the Reserve Bank of India (RBI) announced restrictions on the Paytm Payments Bank on 31 January, 42 per cent of mom-and-pop stores (or kirana stores) in India have already switched to using other mobile payment apps. It also added that nearly 20 per cent say they intend to use other payment apps.
42% of Indian Kirana stores already moved away from Paytm

According to a survey released by Kirana Club, which covers 5,000 respondents, the trust in Paytm has decreased among 68 per cent of Indian Kirana stores after the RBI announcement.

“The survey revealed another stark finding about the trust among local retailers regarding Paytm. It indicates that trust in Paytm has decreased among 68 per cent of Indian kiranas after RBI restrictions,” it said.

This story is from the February 09, 2024 edition of The Business Guardian.

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This story is from the February 09, 2024 edition of The Business Guardian.

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