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

Paytm's Vijay Shekhar Sharma on Thursday during company's Annual General Meet repeated the intention to reapply for a payment aggregator (PA) licence to Reserve Bank of India in due course. Recently, Paytm got approval from the Finance Ministry to invest in its payment services business. "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 approval in place, PPSL will proceed to resubmit its PA application. In the meantime, PPSL will continue to provide online payment aggregation services to existing partners," Paytm filing said earlier.