🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator

🐘India🇮🇳: Central Bank grants Paytm preliminary approval to operate as an online payment aggregator

This is an intermediate stage requiring the company to align its operations with current regulatory standards. Paytm has 6 months to obtain final approval.

▶️As part of the process, the Central Bank will conduct a comprehensive audit, with a strong focus on cybersecurity.

▶️Despite previous financial challenges, the company’s shares immediately rose in value.

▶️In February 2025, Paytm entered into a partnership with U.S.-based AI search engine Perplexity🇺🇸to integrate artificial intelligence into its app, enabling users to explore topics in their native language and make better-informed financial decisions.

▶️Additionally: last week, Chinese conglomerate Ant Group🇨🇳sold its 5.84% stake in Paytm through block trades, completing its full exit from the company. Thus, the fintech’s “Chinese footprint” has been almost entirely erased.

In India and across Asia, concerns over Chinese ownership or influence remain highly relevant, given the region’s strategic dynamics.

#news #India

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