Paytm CEO plans to reapply for payment aggregator license from RBI after prior rejection.

Paytm CEO Vijay Shekhar Sharma announced plans to reapply for a payment aggregator license from the Reserve Bank of India, following a prior rejection in November 2022. The company, which serves 40 million merchants, aims to enhance profitability by focusing on payment services and exploring AI for cost reduction. Despite a reported loss of Rs 839 crore in FY25's first quarter, Paytm remains committed to regulatory compliance and business growth.

September 12, 2024
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