paytm: Paytm gets extension for Payment Aggregator licence application
Indian financial technology company Paytm Payments Services Ltd has received an extension from the country’s banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday.
![]()
Paytm Payments Services, in the meantime, can continue with the online payment aggregation business for its existing partners, without taking on any new merchants, the company said in a notification to stock exchanges on Sunday.
Paytm Payments Services Ltd is a wholly owned subsidiary of One 97 Communications.
Payment aggregators, platforms that bring together various online payment options, must be licensed by India’s central bank and banking regulator, Reserve Bank of India.
In November, India’s banking regulator had declined a payment aggregator licence for the One 97 Communications unit that owns the popular Paytm brand.
The company said that the latest move has no material impact on its business and revenue and for the offline part of the business, the company can continue to take on new merchants and offer them payment services.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Indian financial technology company Paytm Payments Services Ltd has received an extension from the country’s banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday.
![]()
Paytm Payments Services, in the meantime, can continue with the online payment aggregation business for its existing partners, without taking on any new merchants, the company said in a notification to stock exchanges on Sunday.
Paytm Payments Services Ltd is a wholly owned subsidiary of One 97 Communications.
Payment aggregators, platforms that bring together various online payment options, must be licensed by India’s central bank and banking regulator, Reserve Bank of India.
In November, India’s banking regulator had declined a payment aggregator licence for the One 97 Communications unit that owns the popular Paytm brand.
The company said that the latest move has no material impact on its business and revenue and for the offline part of the business, the company can continue to take on new merchants and offer them payment services.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.