Paytm’s chief executive officer Vijay Shekhar Sharma Reaffirms Plan To Reapply For Payment Aggregator License With RBI

Paytm’s Vijay Shekhar Sharma on Thursday throughout business’s Annual General Meet duplicated the objective to reapply for a settlement collector () permit to Reserve Bank of India eventually. Recently, Paytm obtained authorization from the Finance Ministry to purchase its settlement solutions company. “We would like to inform you that PPSL has received approval from the government of India, Ministry of Finance, Department of Financial Services, vide its letter dated August 27, 2024, for downstream investment from the company into PPSL. “With this authorization in position, PPSL will certainly continue to resubmit its application. In the meanwhile, PPSL will certainly remain to give on the internet settlement gathering solutions to existing companions,” Paytm declaring claimed previously.