Funding

Paytm Money receives INR 28 crore from One97 Communications

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The Bengaluru based company is the country’s largest Digital Payment platforms. One97 Communications has Paytm Money as its wholly owned subsidiary.

paytm gets funding from one97The platform acts as an effective tool by allowing customers to adopt the direct route. It provides a higher return to investors which lures their interest.

By completing its commitment for the span of 18 months, One97 communications issues a fresh fund of INR 28.8 Crore.

Related Article: Paytm Payments Bank Launches Mobile Banking App

Paytm Money has thus overall increased the funding base to INR 55 Crore between November 2018 and January 2019.

Further filings with ROC additionally demonstrate that the approved expanded capital is INR 200 Crore. Thus, One97 Communications can provide more assets into Paytm Money in the near future.

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