Paytm Payments Services gets RBI go-ahead for online payment aggregator licence
The move lifts a November 2022 bar on onboarding new merchants. Paytm applied for the permit in March 2020, but approval was delayed due to foreign direct investment compliance issues. The approval comes within two weeks of Alibaba Group’s exit from One 97 Communications after selling its entire stake.
The move lifts a November 2022 bar on onboarding new merchants. Paytm applied for the permit in March 2020, but approval was delayed due to foreign direct investment compliance issues. The approval comes within two weeks of Alibaba Group’s exit from One 97 Communications after selling its entire stake.
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