Paytm Secures Approval to Invest in Payment Services Unit

The Indian fintech giant aims to regain its payment services license following regulatory setbacks.

India's finance ministry has approved Paytm's investment in its payment services business.
Paytm will reapply for a payment services license after the central bank suspended its payments bank operations.
The company has faced regulatory scrutiny and financial challenges, with a significant drop in operating revenue.
Paytm continues to provide online payment services to existing partners during the transition.
Shares of Paytm have declined by over 29% since the central bank's order in January.