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Paytm raises $1.4 billion funding from SoftBank

Indian digital payments platform Paytm had reportedly raised $ 1.4 billion (over Rs 9,079 crore) funding from Japanese conglomerate SoftBank on Thursday. According to reports, Paytm will use this additional funding to expand its soon-to-be-launched payments bank operations. Notably, Paytm is reported to start its payment banks operations from May 23.

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