Swiss global banking giant UBS Group AG is in talks to pickup a $400 million stake in Paytm, Bloomberg reported. A fund run by the multinational investment bank is in discussion to pickup a stake in the digital payments giant, alongside some of the bank's clients, the report says. Paytm, which was valued at $16 billion during a 2019 funding round, has been making inroads across the financial services industry in India on top of its digital payments wallet. At present, Paytm's universe of services now include payment gateway services, e-wallets, credit products for individuals and micro and small merchants, gold investments, a mutual funds platform, derivatives and stock trading among other products. The Bloomberg report says that UBS plans to finalize the deal by the end of this month, which will involve purchasing stock from a group of Paytm…
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