YouthNet and Paytm sign MOU to promote inter-se business, innovation

Paytm Payments Services Limited (PPSL) and YouthNet on Monday signed a Memorandum of Understanding (MOU) to collaborate and enable long-term cooperation in promoting inter-se business, innovation, and resources to support startups, entrepreneurs, and businesses in Nagaland.

The MOU was signed by Atit Kumar, AGM of PPSL and Neikepekho Shosahie, Manager of YouthNet Incubation Centre (YIC) in the presence of James Kithan, Manager YouthNet, at YIC Dimapur, informed YouthNet in an update.

“The partnership aims to foster innovation, create opportunities, and contribute to the growth of Nagaland's economy. Under the agreement, PPSL and YouthNet will work together to provide defined resources to support startups, entrepreneurs, and businesses alike in the state of Nagaland,” it stated.

Speaking on the occasion with the entrepreneurs and stakeholders, Atit Kumar expressed his excitement to collaborate with YouthNet to support the growth of the entrepreneurial ecosystem in Nagaland.

Kumar said the collaboration would also help build an ecosystem that nurtures innovation and provides access to resources that help startups and entrepreneurs succeed.

Neikepekho Shosahie said the partnership with Paytm Payments Services Limited will help leverage Paytm's technology and expertise to create opportunities for startups and entrepreneurs in Nagaland.

“The MOU is a significant milestone in the growth of Nagaland's entrepreneurial ecosystem. PPSL and YouthNet's collaboration will facilitate innovation and create a supportive environment for businesses and startups to thrive,” it stated.

YouthNet further expressed optimism that the partnership will pave the way for future collaborations that can unlock the full potential of Nagaland's entrepreneurial community.

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