Paytm gets govt nod for investment in payments arm, will resubmit application for license

Fintech major Paytm has received an approval from the Finance Ministry to invest in its payment services business, the troubled company said on August 28, as per a Reuters report.

Paytm did not share details of the investment that has been approved, the report added.

“We remain committed to a compliance-first approach and upholding the highest regulatory standards,” the company said.