Published:December 6, 2016 12:33 pm
Paytm Wallet business will move to payments bank while One97 will be managing the sales part for the wallet business.
One97 Communications, the firm that owns Paytm, is restructuring its business ahead of the launch of its Payments Bank, merging the wallet business with payments bank operation.
It is transfer of business. Wallet business will move to payments bank while One97 will be managing the sales part for the wallet business. The transfer will be complete once payment bank licence is obtained, a Paytm spokesperson said.
The company had incorporated Paytm E-commerce and Paytm Payments Bank as separate companies earlier…
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