Wednesday
July 15
2020

Indian Digital Payments Giant Paytm to Offer Additional Financial Services after Acquiring Raheja QBE, an Insurance Business

By Omar Faridi

Indian digital payments giant Paytm recently acquired insurance company Raheja QBE for $74 million.

Amit Nayyar, President at Paytm, has noted that the company aims to promote greater financial inclusion by helping half a billion Indians with gaining access to modern digital platforms and services.

Nayyar told YourStory that Paytm’s acquisition of Raheja QBE could potentially be a “significant step” towards assisting underserved Indian citizens.

Photo courtesy of Rob Tinworth.

Source: Crowdfund Insider (link opens in a new window)

Categories
Finance
Tags
digital finance, emerging markets, financial inclusion, financial services