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via business-standard.comBusiness & Companies

Paytm Payments Services gets RBI in-principle nod to issue prepaid payment instruments

FROM THE WIRE · BUSINESS-STANDARD.COM

Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, paving the way for a wallet revival after regulatory curbs on PPBL

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe approval could revive Paytm's wallet business after earlier regulatory curbs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Paytm Payments Services received in-principle RBI authorisation.
  2. 02The authorisation covers issuing prepaid payment instruments.
  3. 03The approval paves the way for reviving the wallet after curbs on PPBL.

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