RBI turns down Paytm’s application for payment aggregator licence, asks to resubmit plea in 120 days - BusinessToday
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Paytm's Vijay Shekhar Sharma on Thursday during company's Annual General Meet repeated the intention to reapply for a payment aggregator (PA) licence to Reserve Bank of India in due course. Recently, Paytm got approval from the Finance Ministry to invest in its payment services business. "We would like to inform you that PPSL has received approval from the government of India, Ministry of Finance, Department of Financial Services, vide its letter dated August 27, 2024, for downstream investment
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