Bengaluru: Digital Payment Major Paytm Thursday announced the acquisition of the undisclosed portion of Smart Management Management Venture based on Bangalore Tech Balance.
Designed to create users' saving habits, the Balance app provides mutual fund savings options that can provide users with annual rates of 8%, 65% interest rates.
"Our team has developed an automated product that makes users more comfortable and enjoyable a more economical experience by helping them achieve their goals in a smarter way," co-founder CEO, Balance Tech The person says. Ankit Kumar said in a statement.
"Our Conversational Personal Managing Wizard encourages users to save and live a busy life.
"We are looking forward to Paytm users to be able to achieve even more with money by combining computer intelligence, unique design and proprietary algorithms with Balance," added Kumar.
SoftBank and Alibaba officials said six Balance Tech teams joined Paytm's design and product team and are currently working to improve Paytm's user / merchant interface.
"They have created a great product with a real commitment from the user and the Balance Tech team is an integral part of this trip to make us always a personalized and intuitive user experience Payhm's Madhur Deora, Chief Financial Officer, Executive Vice President.
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