India: Paytm inks pact with its largest investor Alibaba, to expand to global markets

India: Paytm inks pact with its largest investor Alibaba, to expand to global markets

Visual from Paytm website

Paytm and its largest investor Alibaba have entered into a commercial agreement that will allow the Indian payments firm to expand its network to global markets such as the US and China and, in turn, give Alibaba’s financial arm Alipay access to India’s fast-growing payments services industry.

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