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RBI allows Paytm Payments to continue online Payment Aggregator business as it awaits govt approval
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The extension allows PPSL to continue its online payment aggregation business while it awaits approval from the Government for past investments, in accordance with FDI guidelines.
Paytm Payments Services Limited (PPSL) has received an extension of time from the Reserve Bank of India (RBI) to resubmit its application for a Payment Aggregator (PA) license.
The extension allows PPSL to continue its online payment aggregation business while it awaits approval from the Government of India (GoI) for past investments from One 97 Communications Limited (OCL) into PPSL, in accordance with Foreign Direct Investment (FDI) guidelines.
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