Paytm wins RBI approval as a payment aggregator, overcoming regulatory hurdles and investor exits in a major fintech breakthrough.
Matilda
Paytm Secures RBI Approval After Investor Exit Paytm RBI Approval Marks a Major Fintech Breakthrough Indian fintech leader Paytm has recently achieved a major milestone by receiving approval from the Reserve Bank of India (RBI) to operate as a payment services provider for online merchants. This announcement comes just days after a significant Chinese investor sold its entire stake in the company, signaling both regulatory and strategic progress for the Noida-based fintech. For months, Paytm had faced regulatory scrutiny, and the approval now enables the company to fully expand its services, benefiting both merchants and consumers across India. Image : Google This development answers a pressing question for investors, merchants, and users alike: what does the RBI approval mean for Paytm’s operations? In simple terms, Paytm can now onboard new online merchants directly under its Payment Services unit, a crucial step that was previously restricted due to regulatory compliance issues. With this in-principle approval, the fintech giant c…
