Paytm Launches Investment Arm, to Invest $10 million


Paytm has set up a new entity called Paytm Money Ltd that will offer investment and wealth management products and will invest close to $10 million upfront in the new entity.


Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet. It will be available as a separate mobile application to users.


Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Paytm is run by One97 Communications Ltd.
  • Vijay Shekhar Sharma is the founder of One97 Communications.

Source- The Livemint

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