KLM is officially the first airline outside of China to allow customers to buy tickets via it’s website through WeChat pay, or directly through the WeChat app.

Reports suggest that this investment will be a top up to the $45 million raised by venture capitalists in a Series C funding round in 2017.

PayTM has grown rapidly due to the demonetisation of the India economy in late 2016. 98% of transactions in India were cash based before the policy was introduced that removed 86% of cash from the economy. Every 500 and 1000 rupee note was removed from circulation, and huge lines were seen across the country at banks when citizens had just a few weeks to deposit their cash before it was rendered valueless.