‘Will invest $500 mn on KYC over 3 years’

VIJAY SHEKHAR SHARMA, the chief of India’s largest mobile wallet Paytm, says the new guidelines on ewallets are just what he needs to gain customers. In an interview with Karan Choudhury, Sharma says while some may find the new know-your-consumer (KYC) norms an additional burden, his company will invest in the KYC system. Edited excerpts: