AGTech Media is an online lottery firm listed on Hong Kong stock exchange, and Alibaba group Group holds a controlling stake in the company. Paytm is the leading mobile payment platform of India.
Paytm and AGTech Media together will be investing $16 million in a joint venture to set up a gaming company in India.
With this joint venture, Paytm will be able to drive in much deeper consumer engagement and offer exclusive rewards and discounts to its customers.
With AGTech Media Group’s experience and Paytm distribution network, the company will be offering mobile games, and also will be developing websites and mobile applications.
The venture is the AGTech group’s first ever international expansion step.
Paytm, being the leading mobile payment platform in India is an ideal local partner for the collaboration.
The group believes that international markets are a room of enormous opportunities and this joint venture would lay a foundation for further international expansions in the future.
Vеry energetic pօst, I liked that a lot. Will there be a part 2?