Paytm, DPIIT partner to support fintech startups with mentorship & funding

One97 Communications Ltd, the parent company of Paytm has signed an agreement with the government under which it will provide mentorship, infrastructure support, market access, and funding opportunities to startups, reported PTI, citing officials from the company.

According to the report, the Memorandum of Understanding (MoU) was signed by the Department for Promotion of Industry and Internal Trade (DPIIT) with Paytm. According to the commerce and industry ministry, this initiative aimed at fostering innovation and accelerating the growth of manufacturing and fintech startups in India.