Paytm has set up a new entity called Paytm Money Ltd that will offer investment and wealth management products and will invest close to.....upfront in the new entity.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Paytm has set up a new entity called Paytm Money Ltd that will offer investment and wealth management products and will invest close to____upfront in the new entity.

A	$ 20 million
B	$ 10 million
C	$ 30 million
D	$ 05 million

Explanation:

Detailed explanation-1: -Paytm Money offers fund schemes that are rated by reputed agencies, allows you to compare the fund performances along with the portfolio insights if you already an investor. It has a hassle-free account opening process and you can invest in a handful of schemes for free and at absolutely no hidden charges.

Detailed explanation-2: -In March 2015, Paytm received its huge stake from Chinese e-commerce company Alibaba Group, after Ant Financial Services Group, an Alibaba Group affiliate, took 40% stock in Paytm as part of a strategic agreement. Soon after, it received backing from Ratan Tata, the MD of Tata Sons.

Detailed explanation-3: -Paytm Wallet is a safe, secure, and approved digital wallet application governed by the Reserve Bank of India. The money in your Paytm wallet is like ready-to-use cash that you can access at any time and any place. You can add money to your Paytm wallet using a credit card, debit card, net banking, or through UPI.

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