Apigate Partners with One97/Paytm for E-Wallet and Content Services

BARCELONA,Spain,Feb. 27,2019 -- Apigate announces a global partnership with One97/Paytm,India's largest e-Wallet service provider,to connect its international partners to Paytm's wallet services and its customers while expanding the reach of One97's (Paytm's parent company) content services to customers worldwide. One97 is India's largest marketplace that runs Paytm,India's largest digital payments and ecommerce platform including other subsidiaries such as Paytm Money,Paytm Mall and Paytm Payments Bank.

Apigate and Paytm management team sign agreement at Mobile World Congress for eWallet and content services

Through this partnership,One97 is leveraging Apigate's new-breed API platform to bring One97's network of varied content within Asia as a part of the first phase followed by Europe in phase two. Concurrently,Apigate opens up Paytm's large volume of wallet users and merchants for its international partners with just one connection.

"One97 has a global growth agenda to expand our reach to a wider audience segment and we found Apigate to be the ideal partner for us as they are aligned with our needs. Through their telco heritage,the complexities of multiple contracts are removed,and we can deploy and scale quickly. Ultimately,we want to be able to offer customers a seamless and integrated experience anytime,anywhere. We are happy to extend our portfolio of services to Apigate who can capitalize on our reach,product maturity & brand presence for its international partners," said Senior Vice President of One97,Ajay Shekhar Sharma.

Raja Mansukhani,Senior Vice President APAC,Apigate said,"We are ecstatic to partner with One97/Paytm as this is a proof point to the relevance of Apigate's platform in empowering digital transformation to meet the fast advancement demands of today's digital-first customer. We are setting the standards for seamless connectivity to provide a global reach to One97's content services while unlocking Paytm's market share and established ecosystem of e-wallet and other financial services in India to its International partners."

About Apigate

Apigate is a new-breed Application Programming Interface (API) platform that connects a world class ecosystem to enable businesses to transform digitally. With a reach of 3.5 billion customers,over 110 MNOs and more than 300 connected merchants,Apigate enables connectivity and monetization with one seamless integration.

Visit www.apigate.com for more details.

About One97/Paytm

One97 is India's leading mobile internet company that essentially also runs Paytm which happens to be India's largest digital payments and ecommerce platform. Headquartered in New Delhi,One97 is more than 4,500 people strong with regional offices in Mumbai,Bengaluru,Pune,Chennai and Kolkata with global presence in Africa,Europe,Middle East and Southeast Asia. The company is set to deliver mobile content and commerce services to millions of mobile consumers through India's most widely deployed telecom applications cloud platform.

Paytm on the other hand is India's largest digital payments and e-commerce platform and digital e-wallet company. With Paytm,customers can make seamless mobile payments from Cards,Bank Accounts and Digital Credit among others. Paytm pioneered and are the leader of QR based mobile payments in India. One97 and Paytm are backed by marquee investors like Alibaba Group,Ant Financial (AliPay),SAIF Partners,Mediatek,Sapphire Venture and Silicon Valley Bank.

Please visit our website at www.one97.com for more details.

Photo - https://photos.prnasia.com/prnh/20190227/2384822-1