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India Business News: The government is examining foreign direct investments from China in Paytm's payment aggregator subsidiary following the Reserve Bank of India's crackdown on Paytm's Payments Bank. An inter-ministerial committee is now examining investments from China in PPSL.
One97 Communications Ltd has investment from Chinese firm Ant Group Co
Paytm Payments Services Ltd is the payment aggregator subsidiary of One97 Communications Ltd, which has investment from Chinese firm Ant Group Co.
New delhi, feb 11 : the government is examining foreign direct investment from china in paytm payments services ltd (ppsl), the payment aggregator subsidiary of one97 communications ltd, sources said.in november 2020, ppsl had applied for licence with the
According to Vivek Joshi, secretary of the finance ministry's Department of Financial Services, Paytm must resolve the regulatory problems faced by its payments bank with the Reserve Bank of India.