Paytm floats new entity for payment gateway; to infuse $26 Mn in Paytm Money & Paytm Insurance
It looks like Paytm will soon run its payment gateway business under a new entity. The fintech major has incorporated a new entity Paytm Payments Gateway Service Pvt Ltd for its payments gateway business. The new entity is set up with a paid-up capital of Rs 100 crore. Until now, Paytm had been running its payment gateway services under One97 Communications.