Previously, the RBI had sent Paytm’s application back, asking for details on shareholding in its wholly-owned subsidiary PPSL
The fintech giant said it had recently requested an extension of the 120-day deadline to resubmit its application for the licence
The Payments Aggregator licence is a way to bring all payment aggregators as regulated entities under the Payment and Settlement Systems Act (2007)Listed payment major Paytm has received a time extension from the Reserve Bank of India (RBI) to resubmit its application for a payment aggregator (PA) licence. The company said this in an exchange filing on Sunday (March 26). Inc42 had reported on November 26 that the RBI had sent Paytm’s application back, asking for details on shareholding in its wholly-owned subsidiary Paytm Payments Services Limited (PPSL). In the filing, the fintech giant said it had recently requested an extension
