[MUMBAI] Japan is an unlikely bright spot for India’s payments poster child. Facing fierce competition at home, Paytm has raised fresh funds from Ant Financial, SoftBank’s Vision Fund and others, at a US$16 billion valuation. That comes as SoftBank boss Masayoshi Son plans a rejig with Japan’s top chat app, Line. Paytm too could see its fortune transformed in the distant mature market and beyond.
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