Flipkart has acquired a 5.5% stake in Paytm shopping mall.
Flipkart's category integration is expected to be completed in the next few months. Flipkart has obtained Paytm's board of observer seats.
The partnership between the two parties will promote the development of our cross-border trade business in the fast-growing market and provide close cooperation for Paytm and Paytm shopping malls." flipkart Will continue to expand the operation of its e-commerce portal in India.
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