Corporate News
Govt reviewing FDI flow from China in Paytm Payments Services: Report

The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said. In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.

News Source:- https://www.business-standard.com/companies/news/govt-reviewing-fdi-flow-from-china-in-paytm-payments-services-report-124021100358_1.html