Is there any connection of China with Paytm?

There is a connection of China with Paytm through its parent company, One97 Communications. In 2015, One97 Communications received an investment from Chinese e-commerce giant, Alibaba Group Holding Limited, and its affiliate company, Ant Financial. This investment reportedly gave Alibaba and Ant Financial a 40% stake in One97 Communications, making them the largest shareholders of the company.

Alibaba and Ant Financial's investment in Paytm was part of a broader strategy to expand their e-commerce and mobile payment businesses in India. Paytm's digital wallet and mobile payment platform has also been integrated with Alipay, which is the mobile payment platform operated by Ant Financial. The integration allows Paytm customers to use Alipay to make payments in China and other countries where Alipay is accepted.

Since then, Paytm has grown to become one of the most popular mobile payment and e-commerce platforms in India, and the investment from Alibaba and Ant Financial has played a key role in its success.

In recent years, Paytm has also announced its international expansion plans, with plans to expand in other countries like Canada, Japan, and the United Kingdom. And since it has the backing of the Chinese giant Alibaba, it can leverage its resources and technology to expand its operations globally.