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SUMMARY
The fintech major said that it has received RBI’s nod to operate as a payment aggregator for offline payments as well as cross-border transactions (both inward and outward)
The regulatory approval comes days after Paytm completed an additional investment of INR 2,250 Cr in the subsidiary via a rights issue on December 12
The listed fintech major also rejigged its corporate structure by transferring its entire offline merchants payments business to PPSL earlier in November
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