Paytm to file a new general insurance license

Digital payments and financial services company Paytm plans to get a new general insurance license with a new app.

According to the company’s exchange filing, Paytm Insuretech Private Limited, the associated company of Paytm, has entered into a share purchase agreement to acquire 100% of Raheja QBE General Insurance Company Limited. the

The company offered a majority stake with an initial 74% stake.

“We intend to seek the required approvals for a new general insurance license, in which we hold a 74% controlling interest from the outset,” the company said.

According to Paymentthe company’s lending business has an annualized run rate of Rs 20,000 crore.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now the Elets YouTube channel, a treasure trove of innovation-focused talks and awards, is also active. To subscribe for free, click here.

Get the chance to meet the Who’s Who of the NBFC and insurance industry. Join us for upcoming events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on TwitterInstagram and Pinterest.

Previous postNavi appoints Meesho founder Vidit Aatrey as independent director
Next postSBI raises lending rates again by 0.1%, EMIs to increase

Previous Progress launches MOVEit 2022 with advanced features to secure and simplify file transfer... | News
Next LinkedIn profile: Professional or casual? Should you get personal?