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
In a filing with the BSE and the NSE, One97 Communications, which operates the fintech company Paytm informed stock exchanges on Tuesday that a news item that Paytm's wallet business was up for sale and is in talks with a particular Indian conglomerate is "speculative, baseless and factually
Paytm, the pioneer of QR and mobile payments in India, has said that its app is working and will continue to work after February 29 as well, adding that the directive issued by the Reserve Bank of India (RBI) will affect only its associate bank and not the fintech company.
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.