November 22, 2024 12:01 (IST)
Paytm gets govt panel's approval to receive China-linked investments for its payments arm: Report
Mumbai: Paytm, which has been struggling after RBI’s operational restrictions on its payments arm Paytm Payment Bank, has received approval from a government panel overseeing China-related investments to inject 500 million rupees ($6 million) into a significant subsidiary, media report.
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.