After accommodating multiple domestic and international financial institutes on its premises, GIFT City is about to get a new member from the digital world. The leading pioneer of online banking facilities, Paytm, has announced that it will invest over Rs 100 crore in GIFT City.

Recently, during the “Infinity Forum 2.0”, Paytm CEO Vijay Shekhar Sharma announced this 100 crore gift of establishing a global payment development center at GIFT City. The investment decision positively marks a strategic move in strengthening the company’s international image for online banking and payment services.

Along with this, the International Financial Services Centre Authority (IFSCA) confirmed backing up this development project to help Paytm expand its financial services reach a global level.

Paytm CEO also highlighted the motive of this initiative, which is to improve the services offered and set foot in this emerging fintech market. The plan is to make an official and formal investment pledge, which is expected to be announced at the “Vibrant Gujarat Global Summit 2024.” This event is scheduled to take place from 10th to 12th January 2024.

Read more at https://www.resmanagement.in/paytm-gift-to-gift-city

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