The RBI asked Paytm Payments Services Ltd. (PPSL), a wholly-owned subsidiary of Paytm, to reapply for its online aggregator licence last week. According to Morgan Stanley’s media statement, this has “increased regulatory uncertainty” for the company. Paytm has been temporarily barred from accepting new online merchants. “Key to monitor are required timelines for obtaining necessary FDI approvals,” Morgan Stanley said. “We are also closely monitoring RBI action regarding final guidelines on digital payment charges and the existing ban on Paytm Payments Bank onboarding new customers.”
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The RBI asked Paytm Payments Services Ltd. (PPSL), a wholly-owned subsidiary of Paytm, to reapply for its online aggregator licence last week. According to Morgan Stanley’s media statement, this has “increased regulatory uncertainty” for the company. Paytm has been temporarily barred from accepting new online merchants. “Key to monitor are required timelines for obtaining necessary FDI approvals,” Morgan Stanley said. “We are also closely monitoring RBI action regarding final guidelines on digital payment charges and the existing ban on Paytm Payments Bank onboarding new customers.”
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
