India’s first mobile payment app has just raised $3 million from an undisclosed investor.
Engadge article The world’s largest online payment service, Paytm, is one of the fastest-growing startups in the world.
Paytm is set to launch its mobile payments app in India today, and the startup has raised $2 million from undisclosed investors.
Paytpmobile, which is set up as a new company, is aiming to bring payments to as many people as possible, the company said in a press release.
Its mobile app will let users shop, make payments and pay for goods and services.
Paytcope is set for launch in India by March 2018, according to a report from TechCrunch.
“With Paytm mobile payments, we are creating a new category of payments, enabling millions of people around the world to make their purchases and pay on time,” said Mukesh Bhandari, CEO and cofounder of Paytm.
“We have made huge strides in improving our technology, and are excited to be able to bring Paytm’s mobile payments platform to millions of users in India.”