Paytm Partners with Indian Government to Boost Fintech Startups

Indian payments giant Paytm has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to support the growth of fintech startups in India. The partnership will provide startups with mentorship, infrastructure support, market access, and funding opportunities.

Additionally, Paytm and DPIIT will offer regulatory and compliance assistance through workshops and help startups access funding via incubation programs and investor connections.

Shri Sanjiv, Joint Secretary of DPIIT, stated, “This partnership with Paytm is a crucial step in strengthening India’s startup ecosystem. By leveraging Paytm’s expertise, we aim to help entrepreneurs scale their ventures and position India as a global innovation hub.”