RegulatoryMint
RBI grants Paytm preliminary nod for digital wallet
Positive+662 sources
GreyOak summary
The Reserve Bank of India granted preliminary approval to Paytm's subsidiary, Paytm Payments Services Ltd, to issue prepaid payment instruments. This regulatory step allows the company to revive its digital wallet business following the cancellation of its Payments Bank license. Paytm must complete a cybersecurity audit within six months to obtain final authorization.
What it affects
- One 97 CommunicationsPAYTMPositive +66
Received RBI preliminary approval for wallet business.Rolling sentiment Positive +57
- RBI regulationPositive +66
Granted in-principle authorization to Paytm.Rolling sentiment Positive +27
Source
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