Paytm’s parent company, One 97 Communications, saw its shares in focus after the RBI granted in-principle authorization to its subsidiary, PPSL, to operate as an Online Payment Aggregator. The approval is subject to certain guidelines and audits, including a cybersecurity assessment. In a relief, the RBI also lifted merchant onboarding restrictions imposed on PPSL since November 2022.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets