Paytm parent to invest $12m in India's GIFT City

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Paytm parent to invest $12m in India’s GIFT City

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Paytm parent to invest $12m in India’s GIFT City

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One 97 Communications, the parent company of Indian fintech firm Paytm, plans to invest around US$12 million in Gujarat International Finance Tec-City (GIFT City), a finance and IT hub.

Paytm also said that it plans to set up a development center in GIFT City that focuses on cross-border financial services.

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