Paytm payments arm PPSL gets ‘in-principle’ approval from RBI to operate as online aggregator
Troubled unicorn Paytm’s payments arm, Paytm Payments Services (PPSL), has received ‘in-principle’ approval from the banking watchdog, the Reserve Bank of India (RBI), to operate as online aggregator.
The company made the disclosure in a filing with the stock exchanges on August 12, stating: “Regarding the application filed by PPSL, a wholly-owned subsidiary of One 97 Communications, for a Payment Aggregator licence.
