Paytm Gets PA Licences For Offline & Cross-Border Transactions

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SUMMARY

The fintech major said that it has received RBI’s nod to operate as a payment aggregator for offline payments as well as cross-border transactions (both inward and outward)

The regulatory approval comes days after Paytm completed an additional investment of INR 2,250 Cr in the subsidiary via a rights issue on December 12

The listed fintech major also rejigged its corporate structure by transferring its entire offline merchants payments business to PPSL earlier in November

Shortly after receiving online payment…



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Paytm Gets PA Licences For Offline & Cross-Border Transactions


SUMMARY

The fintech major said that it has received RBI’s nod to operate as a payment aggregator for offline payments as well as cross-border transactions (both inward and outward)

The regulatory approval comes days after Paytm completed an additional investment of INR 2,250 Cr in the subsidiary via a rights issue on December 12

The listed fintech major also rejigged its corporate structure by transferring its entire offline merchants payments business to PPSL earlier in November

Shortly after receiving online payment…



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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