Paytm Payment Services Limited (PPSL) joined hands with Arunachal Pradesh Innovation and Investment Park (APIIP) to ink an MoU that builds an environment for the youngsters to encourage startups.
The MoU instructs the Paytm Incubation Centre to lay out its product to startups in their early stages at discounted prices. Through Paytm Startup toolkit, it will also offer free credits that will assist youth in the early stages of their business ventures.
This Memorandum of Understanding was signed at the first marquee incubator owned by the state, Andhra Pradesh Innovation & Investment Park. Tabe Haidar, CEO of APIIP, was present at the time of inscribing the MoU.
“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,” told the delegate of Paytm Payment Services.
He added “Our comprehensive platform helps businesses to expand their digital presence with quick integration of payment, brand and commerce solutions.”