News From Press Paytm in talks with ICICI for banking and insurance ventures; also in talks with Citibank

Paytm in talks with ICICI for banking and insurance ventures; also in talks with Citibank

Source : Economic Times Jan 21, 2016

Paytm, the digital wallet and ecommerce company, is talking to ICICI Group — ICICI Bank, ICICI Prudential and ICICI Lombard — for its banking and insurance ventures, and is also negotiating with Citibank, IndusInd and a few other small-finance banks for banking partnerships.

For mutual fund partners, Paytm is talking to SBI Mutual Fund and IIFL, as it reaches the last leg of finalising its banking, insurance and mutual fund partners for its payments bank operations.

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