Paytm Signs MoU With Arunachal Pradesh to Create Startup Ecosystem

Paytm Payment Services Limited (PPSL) on Thursday signed an MoU with ArunachalPradesh Innovation and Investment Park (APIIP) to create a startup ecosystem for the youth in the northeastern state, officials said. 

According to the MoU, Paytm Incubation Centre will provide its product to early-stage startups at a discounted price and offer free credits through the Paytm Startup toolkit to aid the business ventures of youths in their early stage of growth.

This will nurture the startup ecosystem in the state and motivate the young entrepreneurs, an official communiqué informed here.

The MoU was signed at the Arunachal Pradesh Innovation and Investment Park, the first state-owned marquee incubator here in the presence of its CEO Tabe Haidar.

“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 catalyse the startup ecosystem in India and help young entrepreneurs gain new user acquisition, access funds and more facilities,” the spokesperson of Paytm Payment Services said.

“Our comprehensive platform helps businesses to expand their digital presence with quick integration of payment, brand and commerce solutions,” he added.

Paytm is India’s payment app, which offers consumers and merchants payment services. It is a pioneer of mobile QR payments in the country.

It enables commerce for small merchants and distributes various financial services offerings to its consumers and merchants in partnership with financial institutions, the communiqué added.

Last month, payments and financial services company Paytm partnered with SBI Card to launch Paytm SBI Card on the RuPay network.


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Jio Launches 5G Services in Seven Northeast Cities, Network Now Live in 191 Cities in India

Reliance Jio on Friday announced the launch of the 5G services across six states of the Northeast circle by connecting seven cities, namely, Shillong, Imphal, Aizawl, Agartala, Itanagar, Kohima and Dimapur with its True 5G network.

True 5G is now live in 191 cities across the country, it said.

“By December 2023, Jio True 5G services will be made available in every town and taluka of the Northeastern states,” the company said in a statement shared with exchanges on Friday.

Starting tomorrow, the company said Jio users in seven cities across six states of Arunachal Pradesh (Itanagar), Manipur (Imphal), Meghalaya (Shillong), Mizoram (Aizawl), Nagaland (Kohima and Dimapur), and Tripura (Agartala) would be invited to the Jio Welcome Offer, by which they can experience unlimited data at up to 1 Gbps speeds, at no additional cost.

Amongst the numerous benefits of True 5G, healthcare has the potential to save lives in difficult times even in the remotest far-flung areas with its reliable wireless network, Jio said.

The company said in a statement that revolutionary solutions such as Jio Community Clinic medical kit, augmented reality-virtual reality (AR-VR)-based healthcare solutions can enhance quality healthcare in urban India and assist in spreading quality healthcare infrastructure to the remotest areas of the country.

A Jio spokesperson said, “Jio is proud to announce the launch of True 5G services in all the six states of Northeast Circle from today. This advanced technology will bring significant benefits to the people of the Northeast, particularly in the field of healthcare with its reliable wireless network.”

Additionally, the network would enhance various sectors such as agriculture, education, e-governance, IT, SME, automation, artificial intelligence, gaming, and many more, the spokesperson added.

The spokesperson said Jio True 5G has already reached 191 cities in less than four months of its beta launch.


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