The acquisition is further evidence that Paytm is continuing to diversify from being just a payments app and into more of social media app with a payments capability.
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While the transaction value was not reported,
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The U.K. fintech has launched a series of products that expand on its core payments business and compete with banks and other payment technology firms.
The AI and cybersecurity-focused startups completed the vetted proof-of-concept program to prepare for their next level of growth.
Bill Martin, a real estate developer and athletics executive who founded the community bank in 1996, said he considers the privately held institution to be "like one of my kids."
The megabank announced it would invest $16 million to grow its footprint in the North Carolina banking mecca.
The labor market was a bigger point of discussion in the Federal Reserve's most recent monetary policy-setting meeting, but officials were divided about the path of future actions.
The digital bank is also partnering with two pro pickleball leagues to court fans through a consistent presence at tournaments later this year.
