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    Home»Finance»Paytm Gets More Time To Resubmit Payment Aggregator Licence Application
    Finance

    Paytm Gets More Time To Resubmit Payment Aggregator Licence Application

    yourfintechBy yourfintechMarch 27, 2023Updated:March 27, 2023No Comments1 Min Read
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    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

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