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Citigroup to expand in India with Paytm tie-up

Wednesday 15 May 2019 | 09:29 AM CET

Paytm has launched a credit card with Citigroup, giving its banking partner the opportunity to expand its credit card customer base in India.

Due to this new product launch, Citi will be able to extend its retail presence in India. Its parent copany, One97 Communications, counts Japan's SoftBank Group, Alibaba, and Berkshire Hathaway among its investors.

The Paytm First Card will offer 1% cashback on all transactions.

Earlier in March 2019, Paytm has announced its plan to launch a subscription-based rewards and loyalty programme, Paytm First.

More: Link
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