Tag: RBI refuses

RBI refuses to grant Paytm license as payment aggregator, asks company to reapply

The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a licence to operate as a payment aggregator, the company informed the bourses on November 26.The fintech company’s subsidiary had applied for authorisation to provide payment aggregator (PA) services for online merchants. This makes Paytm the only large payment gateway player […]

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