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AMTZ joined hand with Paytm to enable cashless transaction for entire zone of AMTZ

AMTZ partners with Paytm and further strengthen the vision of PM Sh. Narendra Modi

AMTZ the ultra-modern manufacturing hub for medical devices production added a feather in its cap by aiming to become the first cashless economic zone in the country. AMTZ on 8th July signed a Memorandum of Understanding (MoU) with One97 Communications Limitedwhich owns and operatesthe Paytm online platform and the Paytm app.The MoU with Paytm shall help enable cashless transactions for the entire zone of AMTZ including scientific tests and works, trading, payments for general and social services.

AMTZ which came into being on 19th Aug 2016 with the foundation laying ceremony has been on top of strategy and operations with several manufacturing units bee-lining into a basket of one of its scientific infrastructure. Paytm which has soared into public appeal with demonetization drive is country’s most population digital transaction portal. The MoU between AMTZ and Paytm is first of its kind partnership between an industrial hub and a transaction platform.

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