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Why Paytm needs a partner
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Raheja QBE General
Insurance Company for a year, is now looking for a partner for its general insurance business in the hope that this will speed up regulatory approvals.
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Paytm’s looking for a match
Paytm is in the midst of sorting out its IPO, having filed its draft prospectus with markets regulator Sebi earlier this month. But that’s just one of the many moving parts the company is dealing with.
Paytm hives off payment gateway business into separate entity
January 18, 2021
Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth of equity capital into the new entity, Entrackr reported. Paytm Payments Gateway mainly caters to corporate or institutional clients and provides online gateway services, unlike Paytm’s other arms which are consumer facing.
A senior official at Paytm confirmed the development to MediaNama but declined to comment. MediaNama could not independently verify the development through public documents from the Ministry of Corporate Affairs as access to the website was not available at the time of publication.