Question
Which company announced plans to invest Rs 100 crore in
GIFT City in Gujarat to develop a global financial ecosystem and to offer AI-driven cross-border remittance?Solution
One97 Communications Limited (OCL), the parent company of payments major Paytm, will invest Rs 100 crore in GIFT City in Gujarat to build a global financial ecosystem. The company also aims to streamline cross-border remittances by offering faster and cost-effective solutions powered by artificial intelligence (AI), it said in an announcement that came ahead of the three-day Vibrant Gujarat Global Summit in Gandhinagar.
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