Paytm Partners with Arunachal Pradesh to Foster Startup Ecosystem
- ByStartupStory | June 24, 2023
In a significant move to promote entrepreneurship and innovation, Paytm Payment Services Limited (PPSL) has signed a Memorandum of Understanding (MoU) with the Arunachal Pradesh Innovation and Investment Park (APIIP). This partnership aims to create a thriving startup ecosystem for the youth in the northeastern state. By offering discounted prices on their products and providing free credits through the Paytm Startup toolkit, the Paytm Incubation Centre seeks to support early-stage startups and empower young entrepreneurs in their journey towards success.
The MoU signing took place at the Arunachal Pradesh Innovation & Investment Park, the first state-owned marquee incubator in the region. Tabe Haidar, CEO of APIIP, and representatives from Paytm Payment Services Limited were present at the event. The collaboration between Paytm and the Government of Arunachal Pradesh aims to nurture the startup ecosystem and motivate young entrepreneurs to pursue their business ventures.
As a leading payment app in India, Paytm has revolutionized the way individuals and merchants conduct financial transactions. With a focus on mobile QR payments, Paytm has become a pioneer in the country’s digital payment landscape. The company not only enables seamless commerce for small merchants but also offers a wide range of financial services in partnership with various financial institutions.
Paytm’s partnership with Arunachal Pradesh signifies the commitment to create a vibrant startup ecosystem in the state. By providing the necessary support, resources, and opportunities, Paytm aims to empower the youth and encourage entrepreneurship. Through the Paytm Incubation Centre, young entrepreneurs in Arunachal Pradesh can realize their dreams and contribute to the economic growth of the state.
“We are happy to partner with the government of Arunachal Pradesh in its journey to create a vibrant startup ecosystem. At the Paytm Incubation Centre, we strive to catalyze the startup ecosystem in India and help young entrepreneurs gain new user acquisition, access funds, and more facilities,” said a spokesperson from Paytm Payment Services.
With its extensive experience in the fintech industry, Paytm is well-positioned to guide and mentor startups in their entrepreneurial journey. By leveraging technology and innovative solutions, Paytm continues to make a significant impact on India’s startup ecosystem.
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