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    India’s Paytm moves into banking

    News in brief

    Indian mobile wallet provider Paytm is to hire 3,000 people to roll out its payments bank services by the first quarter of next year. “The structure of the executive committee for the payments bank is being given shape, while Paytm awaits a final nod from the Reserve Bank of India,” The Times of India reports. The company agreed a “strategic investment” from Alibaba and its affiliate Ant Financial in September.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 12 November 2015, 16:16

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