Paytm Payments is in trouble RBI Rejects Paytm application for payment aggregator licence

The Reserve Bank of India (RBI) has Rejected Paytm application to provide payment aggregator service for online merchants. RBI said Paytm Payments Services is required to re-submit its PA application within 120 calendar days. It is to be noted that One97 Communications, which owns the Paytm, had proposed to transfer the payment aggregator services business … Read more