Paytm Payments gets govt nod; can now resubmit its PA application

Paytm Payment Services Limited (PPSL), a wholly owned subsidiary of One97 Communications, has received foreign direct investment (FDI) approval and will resubmit its payment aggregator (PA) licence application.

The company, in a regulatory filing, said: “This is in furtherance to our letter dated February 12, 2024, regarding the application of Paytm Payment Services Limited (PPSL), a wholly owned subsidiary of One97 Communications Limited (OCL or the Company), for a payment aggregator (PA) licence.”