Paytm's $2.5 billion IPO mints new millionaires in India
About 350 current and ex-employees will each have a net worth of at least 10 million Indian rupees ($134,401.38) after Paytm's $2.5 billion IPO, a source in the company told Reuters. Many, like Pandey, will become dollar millionaires when the company lists next week.
Airtel Payments Bank to double business correspondent network to 1 million in a yearAnalysts expect the upcoming expansion to further widen APB’s total distribution reach, which is already twice that of the total ATMs and bank branches in the country, and in turn, consolidate its leadership in the remittances market.
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