Paytm to reapply for payments aggregator licence after nod for infusion by parent

Bengaluru: Paytm Payments Services Ltd (PPSL) received the finance ministry’s approval for a downstream investment by its parent, making it eligible to seek a payments aggregator licence again, in some relief amid regulatory scrutiny.

PPSL will proceed to resubmit its payments aggregator application, parent One 97 Communications Ltd (OCL) said in an exchange filing on Wednesday. In the meantime, the company will continue to provide online payment aggregation services to existing partners, it said.