Partnership28 Aug 2024, 10:32 pm
Paytm's Subsidiary, PPSL, Receives FDI Approval, to Resubmit PA License Application
AI Summary
Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited (OCL), has received approval from the Government of India for downstream investment from the Company. This approval allows PPSL to resubmit its Payment Aggregator (PA) license application. The company is committed to maintaining a compliance-first approach and upholding the highest regulatory standards. As a homegrown Indian company, Paytm continues to focus on contributing to and advancing the Indian financial ecosystem.
Key Highlights
- PPSL, a subsidiary of Paytm, receives approval for downstream investment from the Company
- PPSL to resubmit its Payment Aggregator (PA) license application
- Paytm remains committed to a compliance-first approach
- Paytm is focused on maintaining the highest regulatory standards
- Paytm continues to contribute to and advance the Indian financial ecosystem