One97 Communications Limited (OCL), the parent company of Paytm, will invest Rs 100 crore in Gujarat's GIFT City to build an Artificial Intelligence-driven cross-border remittance and payments technology system and set up a development centre. The announcement was made ahead of the Vibrant Gujarat Global Summit 2024, in Gandhinagar. The company will invest over a period of time. The development centre in GIFT City will build the AI-powered remittance solution and provide a technology backbone. This centre will create jobs and house engineers to develop other financial products and services as well.source https://timesofindia.indiatimes.com/india/paytm-to-invest-rs-200-in-gift-city-development-center/articleshow/106692492.cms
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