India: Paytm takes over complete ownership of CreditMate

India: Paytm takes over complete ownership of CreditMate

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Digital payments major, Paytm, has now acquired a 100% stake in Urja Money Pvt. Ltd., which provides a loan management system through its proprietary solution, CreditMate.

With this, the founders of CreditMate have sold their stake to Paytm, CreditMate founder and chief commercial officer Aditya Singh said on professional website, LinkedIn.

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