BENGALURU (Reuters) -Indian fintech firm Paytm’s Payment Services unit has got ‘in-principle’ approval from the country’s central bank to operate as an online payment aggregator, it said on Tuesday.<\/p>\n
In August 2024, the company had said it would submit an application with the Reserve Bank of India to seek a payment aggregator license. That move came seven months after the central bank ordered it to wind down its payments bank.<\/p>\n
Payment services accounted for more than half of the fintech firm’s consolidated revenue in the quarter ended June 30.<\/p>\n
Last week, China’s Ant Group exited the firm by selling its remaining 5.84% stake in block deals.<\/p>\n
(Reporting by Nishit Navin; Editing by Sahal Muhammed)<\/p>\n","protected":false},"excerpt":{"rendered":"BENGALURU (Reuters) -Indian fintech firm Paytm’s Payment Services unit has got ‘in-principle’ approval from the country’s central bank…\n","protected":false},"author":3,"featured_media":140212,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[22703,611,83767,31436,83768,158,67,132,68],"class_list":{"0":"post-140211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-central-bank","9":"tag-mobile","10":"tag-online-payment","11":"tag-reserve-bank-of-india","12":"tag-services-unit","13":"tag-technology","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115016970116849700","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=140211"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/140211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/140212"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=140211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=140211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=140211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}