In May, Softbank had invested $1.4 billion in what was labelled as the 'largest round of funding from a single investor an Indian digital platform,' in the e-wallets platform of One97 Communications - Paytm.
 
The Vijay Shekhar Sharma owned company said, “We are at an inflection point in our journey with Paytm. This investment by Softbank and support of the incredible entrepreneur Masa Son is a great endorsement of our team's execution and vision.”
 
Earlier in March the company had launched its Paytm Financial Services platform. Its Paytm Payments Bank was launched on May 23. 
 
Paytm has claimed to have a user base of over 22.5 crore and has targeted half a billion (50 crore) Indians to come onto its mobile platform.