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Paytm's PPSL Scores RBI License for Payment Powerhouse Moves

Paytm's PPSL Scores RBI License for Payment Powerhouse Moves

Listen up, folks! Paytm's powerhouse, One97 Communications, just snagged a colossal victory! The Reserve Bank of India has given the thumbs up for Paytm Payments Services Limited to dominate offline payments. With this license, they’re unleashing a triple threat: online, offline, and cross-border payments. Merchants, get ready to smash those payment barriers and electrify your transactions!

Quick rundown

  1. Paytm Payments Services gets RBI nod for offline and cross-border payments.
  2. PPSL now authorized for end-to-end payment aggregation services.
  3. RBI initially rejected PPSL's application in 2022.
  4. PPSL complied with FDI guidelines before reapplying.
  5. PPSL's new license expands its payment aggregation capabilities.

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