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Paytm acquires Technology Innovator Cube26

New Delhi, June 19, 2018:

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Paytm acquires Technology Innovator Cube26

New Delhi, June 19, 2018: One97 Communications Limited, that owns the brand Paytm, which is India’s largest payments company and offers multi-source and multi-destination payment solutions have announced the acquisition of New Delhi-based technology startup Cube26. Paytm has been building great consumer engagement products in areas of social and content. This acquisition will help the company by leveraging the work that Cube26 has done in this area. Paytm is focused on building a more immersive and feature-rich mobile experience for its strong user-base.

Madhur Deora, Chief Financial Officer – Paytm said, “We are excited to welcome the Cube26 team onboard. We are focused on building a more immersive and feature-rich mobile experience for our large active user-base. With this acquisition, the Cube26 team will work with the Paytm team to add more social engagement features to our products and services.”




Saurav Kumar, CEO & Co-Founder, Cube26 said, “Our team has been building technology products that are used by millions of users. I believe our diversified experience in creating smarter products across software and hardware segment will help add value to Paytm and to several of its products & services.”

About Paytm
Paytm is India’s largest payments company and offers multi-source and multi-destination payment solutions. It offers comprehensive payment solutions to over 7 million merchants and allows consumers to make payments from any bank account to any bank account at 0% fee. Owned by India’s largest mobile-internet firm One97 Communications, Paytm is founded by Vijay Shekhar Sharma and is headquartered in the National Capital Region, India. Its investors include SoftBank, SAIF Partners, Alibaba Group and Ant Financial.

About Cube26
Cube26 is an India based technology firm focused on enhancing the user experience across multiple devices and platforms. Cube26 has customized Android OS and developed varied applications for OEMs. They are currently building a platform between local service providers and smartphone users through their local app and game store to enable product led monetization. Cube26 has previously developed the next generation of technology that allows devices to recognize users, interpret human gestures and understand their emotions.


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