Question
Which fintech platform is going to invest approximately
Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) for the development of a Global Payment Development Centre?ÂSolution
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.
The CRR cut will only benefit the banks and not the industry, which is suffering of high interest rates and slow demand.Â
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