Paytm signs ₹120 crore agreement with Alibaba
Online payments and m-commerce platform Paytm on Monday signed a ₹120 crore agreement with its lead investor Alibaba's cloud computing arm AliCloud. Under the agreement, Paytm users will be allowed to access Alibaba's online payment platform Alipay for shopping in US, China, Japan and the UK. In return, Alipay's users can shop in India through Paytm.