15 January 2021

UBS poised to invest $400mn in Paytm  

Written By FinTech Alliance

UBS poised to invest $400mn in Paytm  

Swiss bank UBS is currently negotiating a deal worth $400mn with Indian FinTech Paytm, Bloomberg reports.  

In Brief:  

  • UBS wants to invest alongside some of its own clients in the payments business.  

  • Paytm was most recently valued at $16bn.  

  • The businesses aim to finalise a deal this month, say reports.  

What does this mean?  

Paytm already has giants like Softbank and Ant Financial among its investors. The 10-year-old payments giant has yet to turn a profit, but could do so this year according to CEO Vijay Shekhar Sharma.  

Read more here.   

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