Sunday, 8 December, 2024

Paytm Divests PayPay Stake To SoftBank For $279.2 Million

Paytm has sold its stake in Japan-based PayPay to SoftBank for $279.2 million. This move aligns with Paytm's strategic focus on strengthening its core business operations and expanding in key markets. SoftBank's acquisition consolidates its position in PayPay, enhancing its fintech portfolio. The transaction reflects Paytm's efforts to streamline its investments and drive growth in its primary fintech and digital payments ventures.