Paytm gets final RBI nod to operate as a payment aggregator

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Paytm gets final RBI nod to operate as a payment aggregator
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Paytm Payments Services Limited has secured the Reserve Bank of India’s Certificate of Authorization to operate as a Payment Aggregator, according to the company’s stock exchange filing on November 26. 

This marks a major regulatory development for Paytm and follows the in-principle approval granted by the banking regulator in August this year. Paytm Payments Services had reapplied for the licence in September 2024 after the central bank rejected its application in November 2022 due to issues related to foreign investment norms. 

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Paytm gets final RBI nod to operate as a payment aggregator

, Published By Entracker
Paytm gets final RBI nod to operate as a payment aggregator
Tech


Paytm Payments Services Limited has secured the Reserve Bank of India’s Certificate of Authorization to operate as a Payment Aggregator, according to the company’s stock exchange filing on November 26. 

This marks a major regulatory development for Paytm and follows the in-principle approval granted by the banking regulator in August this year. Paytm Payments Services had reapplied for the licence in September 2024 after the central bank rejected its application in November 2022 due to issues related to foreign investment norms. 

The in…



Source link

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.

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Previous News
The Destruction of a Notorious Myanmar Scam Compound Appears to Have Been ‘Performative’
Next News
Soft2bet style discipline and how founders survive the efficient growth era of Startup Funding
Entracker

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