Mobile commerce platform Paytm on 13 March 2015 inked memorandum of understanding MoU with National Centre for Trade Information (NCTI) to promote Micro, Small & Medium Enterprises (MSMEs).
As per MoU, Paytm will offer a virtual marketplace platform for NCTI members and will extend its services and enable them to sell online.
In this regard, Paytm will set up payment gateways platform for online ticketing and membership fees for NCTI.
This tie-up will play a pivotal role in the growth of MSMEs by providing them with value-added trade information generally for the trading community. It will also provide platform to NCTI members that will serve as an opportunity to trade online and scale faster.
Note- National Centre for Trade Information (NCTI) provides value added trade information for the benefit of the international trading community, especially Indian MSME’s in the form of Electronic Trading Opportunities, Live Trade Leads.