PolicyNDTV Profit
Paytm Arm Gets RBI In-Principle Nod To Operate Payments Via PPI
Positive+324 sources
GreyOak summary
Paytm Payments Services Limited received in-principle authorization from the Reserve Bank of India to establish a payment system for prepaid payment instruments. The subsidiary must complete a cybersecurity audit and secure final authorization before issuing instruments. This regulatory step supports Paytm's infrastructure expansion under the Payment and Settlement Systems Act, 2007.
What it affects
- One 97 CommunicationsPAYTMPositive +32
Received RBI in-principle nod for PPI system.Rolling sentiment Positive +57
- RBI regulationPositive +32
Granted in-principle authorization to Paytm.Rolling sentiment Positive +27
Source
Read the original at NDTV ProfitMore One 97 Communications news
- RBI grants Paytm preliminary nod for digital walletMint · Regulatory ·
- Paytm shares reclaim listing price after RBI nodMoneycontrol · IPO & listing ·
- Paytm gets RBI preliminary nod for prepaid instrumentsEconomic Times · Policy ·
- Paytm shares close near IPO high after 100% rallyMint · Stock view ·
- UPI MDR rollout after Diwali affects Paytm and othersMint · Policy ·