Paytm teams up with AGTech Media to set up a gaming company

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.
Source: http://bit.ly/2u0e27S

 

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