PayTM Money, a wholly owned subsidiary of PayTM, launched IPO investment services in November. The Paytm interface will allow investors to apply for IPOs through their UPI IDs, which is linked to bank accounts, and can change, cancel and resubmit their bids. It will also be equipped to track upcoming IPOs, view company details, download prospectus and check performance of the past primary market offerings.
In November, PayTM and Marg ERP entered a joint venture to launch an integrated payments solution, called MargPay, for MSMEs. The solution is aimed at solving the problem of payment reconciliation across multiple service platforms such as Net Banking, UPI payments, Mobile Wallets and cards.
In September 2020, Paytm launched ‘Paytm Subscriptions’, a subscription service, for businesses across the country.
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Paytm First Games entered into a strategic partnership with Esports Players League
Paytm received IRDAI licence to enter insurance business