By Benjamin Horney ( April 28, 2017, 6:58 PM EDT) -- The owner of Indian mobile payment platform Paytm will bring in more than 120 billion rupees ($1.87 billion) from SoftBank Group Corp., the Economic Times reported on Friday. According to the report, the investment will value Paytm parent One97 Communications at around $9 billion, and give SoftBank a 20 percent stake in the company. One97 intends to direct almost $1 billion toward the expansion of its payments business into areas such as lending and insurance, the report noted....
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