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India’s Paytm Wins Preliminary Licence For Online Payment Aggregator - FinanceFeeds
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India’s Paytm Wins Preliminary Licence For Online Payment Aggregator - FinanceFeeds
India’s central bank has granted Paytm’s Payment Services arm in-principle authorisation to operate as an online payment aggregator, a key regulatory milestone for the fintech group as it rebuilds its payments business. The Reserve Bank of India (RBI) approval follows Paytm’s August 2024 application for the licence, submitted months after the regulator ordered the shutdown of its payments bank unit. Payment services remain core to the group’s op…
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