Global brokerages such as Citi, UBS, and Ventura Securities noted in their research reports that the approval removes regulatory overhangs and positions the company for a strong recovery as it enters its next phase. Further, these firms added that the development puts the company back on its
This was to allow customers to checkout as a guest without saving sensitive card details on an e-commerce or merchant website for a transaction, the fintech firm said in a release.
One97 Communications Limited on Monday informed the exchanges that its wholly-owned subsidiary Paytm Payments Services has appointed S.R. Batliboi & Associates as its auditor.
As the Reserve Bank of India (RBI) directed Paytm Payment Services Limited, a subsidiary of Paytm, to reapply for a payment aggregator license in 120 days, analysts have said that the move will not have any impact on Paytm and they believe the company will deliver robust growth.
The fintech company said that it has received a letter from the Reserve Bank of India in response to an application from its subsidiary for the authorization to provide payment aggregator services for online merchants.