cpi data india: CPI Inflation hits 8-year low, Highway Infra IPO sees biggest 2025 listing gain
Show more
Show less
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 hours ago
- India.com
Good news for Paytm, gets big relief from RBI; gets license of…, central bank also lifts ban on…
Paytm's parent company, One 97 Communications, announced in a Tuesday filing that its subsidiary, Paytm Payments Services, has secured approval from the Reserve Bank of India to operate as an online payment aggregator. The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants which was imposed on the company on November 25, 2022. Paytm Payments Services Gets RBI Nod 'Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India ('RBI') has granted 'in-principle' authorisation to PPSL vide its letter…dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007,' the filing said. The company had applied for the permit in March 2020 but the approval was stuck due to certain compliance issues related to Foreign Direct Investment in the company. What Were RBI's Restrictions On Paytm? RBI imposed restrictions on Paytm Payments Bank in January 2024. This led to a major decline in Paytm's revenue. To overcome this setback, Paytm focused on cutting expenses, selling non-core assets like Paytm Insider and restructuring the merchant lending business. RBI's decision will provide great relief to Paytm. After almost three years of regulatory uncertainty, Paytm will be able to resume merchant onboarding and move forward towards expanding its digital payment infrastructure.
Economic Times
2 hours ago
- Economic Times
Etonhurst Capital buys 37 luxury apartments in Mumbai's Worli in record buyout
(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.
Mint
2 hours ago
- Mint
Paytm payments arm PPSL gets ‘in-principle' approval from RBI to operate as online aggregator
Troubled unicorn Paytm's payments arm, Paytm Payments Services (PPSL), has received 'in-principle' approval from the banking watchdog, the Reserve Bank of India (RBI), to operate as online aggregator. The company made the disclosure in a filing with the stock exchanges on August 12, stating: 'Regarding the application filed by PPSL, a wholly-owned subsidiary of One 97 Communications, for a Payment Aggregator licence. We would like to inform you that RBI has granted 'in-principle' authorisation to PPSL vide its letter dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.' In the letter shared by Paytm in its exchange filing, the central bank states that it 'grants an 'in-principle' authorisation to PPSL to operate as an online Payment Aggregator subject to adherence to the Guidelines on Regulation of Payment Aggregators and Payment Gateways dated March 17, 2020 (as updated from time to time) and the clarifications issued by RBI regarding the aforementioned guidelines on March 31, 2021.' It added that this 'in-principle authorisation only covers online PA operations as defined in PA-PG Guidelines and transactions which do not fall under the ambit … including 'pay-out' transactions undertaken on behalf of merchants should not be routed through escrow account designated for PA operations.'
