Tech
Paytm Payment Services gets full online payment authorisation from RBI
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One 97 Communications, which operates Paytm Payment Services as a wholly owned subsidiary, said on Wednesday that it has secured the online payment aggregator licence from the Reserve Bank of India.
This follows the in-principle approval the payments major received in August this year.
In a notice to the stock exchanges, Paytm said it received the certificate of authorisation from the RBI on November 26 to operate as a payment aggregator. The licence further strengthens Paytm’s position as an online merchant payment processor.
While this is a routine…
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