Centre examining FDI flow from China in Paytm Payments Services
Hindustan TimesThe government is examining foreign direct investment from China in Paytm Payments Services Ltd, the payment aggregator subsidiary of One97 Communications Ltd, sources said. An inter-ministerial committee is examining investments from China in PPSL and decision would be taken on the FDI issue after due consideration and comprehensive examination In November 2020, PPSL had applied for licence with the Reserve Bank of India to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. An inter-ministerial committee is examining investments from China in PPSL and decision would be taken on the FDI issue after due consideration and comprehensive examination, sources said. When contacted, a Paytm spokesperson said PPSL applied for an online Payment Aggregator application for online merchants and the regulator subsequently asked PPSL to seek necessary approvals for past downward investment and resubmit the application.
History of this topic
Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources
India TV NewsDiscover Related
