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PAYTM LICENCE APPROVAL
AlphaGrep Mutual Fund files draft papers with Sebi for its first multi-asset allocation fundAlphaGrep Mutual Fund has filed draft documents with SEBI for its first scheme, the Multi Asset Allocation Fund. The open-ended fund will i...- Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
- Paytm Payment Services gets full online payment authorisation from RBIIn a notice to the stock exchanges, Paytm said it received the certificate of authorisation from the RBI on November 26 to operate as a pay...
- Paytm Payments gets RBI nod to operate as online payment aggregatorThe Reserve Bank of India has granted Paytm Payments Services the authorization to function as an online payment aggregator, according to O...
- Paytm Payments CEO Nakul Jain resignsThis comes as the fintech awaits the central bank's approval for its payment aggregator licence. In November 2022, the Reserve Bank of Indi...
- Paytm aims for profitability with 'compliance-first' approach: Vijay Shekhar Sharma at AGMPaytm founder Vijay Shekhar Sharma announced at the company's 24th annual general meeting that they aim to achieve profitability soon. The ...
- Paytm AGM: Vijay Shekhar Sharma repeats intention to reapply for payment aggregator license to RBI in due coursePaytm's Vijay Shekar Sharma announced during the company's Annual General Meet that they will reapply for a payment aggregator license to R...
- Paytm gets government panel nod to invest in payments arm, sources sayThe approval still has to be vetted by the finance ministry, which will remove the main stumbling block to the unit, Paytm Payment Services...
- Paytm withdraws general insurance licence application; to focus on distribution-only modelTroubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for th...
- PayU receives RBI’s in-principle nod to operate as a payment aggregatorIn 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
- India defers approval of Paytm's investment in its payments armOne 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting ag...
- Paytm wins regulator extension for payment aggregator licence applicationThe banking regulator had in November last year asked Paytm to reapply for the licence within 120 days and stopped it from signing up new o...
- RBI asks PayU India to reapply for payment aggregator licenceThe fintech firm’s complex corporate structure was one reason why RBI asked it to reapply
- RBI asks Paytm to reapply for payment aggregator licenceThe regulator asked Paytm Payments Services Ltd, a 100% subsidiary of One 97 Communications, to reapply after getting the necessary approva...
- RBI to Paytm: Reapply for payment aggregator licence within 120 daysThe central bank has also directed the payment firm not to onboard new online merchant
- Paytm board approves stake hike to 74% in new general insurance unitTo invest Rs 950 crore in unit over 10 yrs; Co reappoints founder Sharma as MD & CEO for five yrs
- Paytm to transfer online payments biz to subsidiaryRBI guidelines for regulation of payment aggregators (PAs) requires their business to be regulated and run by a separate company, after obt...
- Paytm to transfer wallet business to payments bankPaytm recently came under public scrutiny as the debate on demonetisation and increase in wallet signups brought to fore claims of Chinese ...
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