Paytm to reapply for RBI’s payment aggregator licence post govt approval

Founder and chief executive of Paytm Vijay Shekhar Sharma has reaffirmed the company’s commitment to reapplying for a payment aggregator (PA) licence from the Reserve Bank of India (RBI). Sharma made this announcement during Paytm’s Annual General Meeting on Thursday, signalling that the company will reinitiate the process “in due course”.

“We will apply for the payment aggregator licence to the RBI in due course,” Sharma said, reiterating Paytm’s ongoing efforts to expand its payment services operations.