RBI asks Paytm to reapply for payment aggregator licence2 min read . Updated: 26 Nov 2022, 11:11 AM IST
Paytm further said that the firm can continue to onboard new offline merchants and offer them payment services including All-in-One QR, Soundbox, Card Machines, etc
The Reserve Bank of India(RBI) has asked Paytm Payments Services Limited to resubmit the application to operate as payment aggregator. The banking regulator put a pause on onboarding of online merchants by Paytm Payments Services. The company will not onboard new online merchants till the time approvals remain pending.
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