PolicyInc42
Paytm gets RBI in-principle nod for wallet revival
Positive+66
GreyOak summary
Paytm Payments Services Ltd received in-principle authorization from the RBI to operate prepaid payment instruments, including digital wallets. The fintech giant must fulfill compliance requirements and secure a final Certificate of Authorisation before commencing operations. This regulatory step follows a three-year effort to revive the wallet business after previous restrictions on its payments bank.
What it affects
- One 97 CommunicationsPAYTMPositive +66
Received RBI in-principle nod for wallet revival.Rolling sentiment Positive +58
- RBI regulationPositive +66
Granted in-principle authorization for PPIs.Rolling sentiment Positive +25
Source
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