Paytm to invest Rs 100 crore for facility in GIFT City

Paytm, one of the leading fintech platforms in India, is planning to invest approximately Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) for the development of a Global Payment Development Centre. With its presence in GIFT City, Paytm also aims to grab the opportunity to be a participant in the growing fintech ecosystem boom based out of here.

Vijay Shekhar Sharma, founder and CEO, Paytm, said, “We are in talks with the GIFT City authorities regarding our plans here. GIFT City provides opportunities to expand on the global payment systems like SWIFT and Indian fintech innovations going out of the country.