Paytm signs MoU with Arunachal Pradesh govt to empower startups

One97 Communications Limited that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced that its wholly-owned subsidiary Paytm Payment Services Limited (PPSL) has signed a memorandum of understanding (MoU) with the Arunachal Pradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for youth in the state.

Paytm Incubation Centre has signed an MoU with Arunachal Pradesh Innovation & Investment Park to provide its product to early-stage startups at a discounted price and offer free credits through the Paytm Startup toolkit. This will help startups in their early stage of growth and nurture the startup ecosystem in Arunachal Pradesh.

The MoU was signed in the presence of Tabe Haidar, CEO of Arunachal Pradesh Innovation and Investment Park. Paytm Payment Services Spokesperson said, Our comprehensive platform helps businesses expand their digital presence with quick integration of payment, brand and commerce solutions.”Paytm Startup Toolkit provides 360-degree tech solutions to help startups leverage the best of Paytm products to grow their business. It has customised offers on Paytm for Business products such as Ads, Deals, Gift Vouchers and mLoyal.

By Business Bureau

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