Paytm Receives Govt’s Go-Ahead for Payment Aggregator Business; Shares Surge 10%
The government has given its go-ahead to Paytm’s payment aggregator business licence. Following the report, the shares of One97 Communications, the parent of Paytm, shares surged Rs 46.25 or 10 per cent to 508.85 apiece on the BSE. Paytm can now approach the Reserve Bank of India (RBI) to seek payment aggregator licence which the …