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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