Paytm to buy 7% Stake in SoftBank-owned PayPay Japan
Thu, May 13, 2021 1:48 PM

Paytm to buy 7% Stake in SoftBank-owned PayPay Japan

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Paytm is likely to acquire about 7% stake in QR code-based payments business PayPay Japan, almost two years after the Vijay Shekhar Sharma-led company was given the call option to convert its holdings into shares. The development was revealed in SoftBank’s regulatory filings. Notably, SoftBank owns about 20% stake in Paytm’s parent entity One97 Communications.

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