Respite For Paytm? Fintech Giant Nears Approval To Invest In Payments Gateway Arm

Respite For Paytm? Fintech Giant Nears Approval To Invest In Payments Gateway Arm

SUMMARY

Centre is said to have softened its stance after Paytm’s Chinese shareholder Ant Group slashed its stake in the fintech startup

An inter-ministerial panel will now reportedly take a final call on the investment, which is reportedly less than $12 Mn

The matter, which has been pending before the authorities for at least two years now, could offer some respite for the troubled fintech major

In some respite from troubled waters, fintech major Paytm appears to be on the verge of securing approval to invest in its key payments gateway arm. 

The matter, which has been pending before the authorities for at least two years now, could offer some relief for the fintech major in the middle of a full-blown regulatory crisis. 

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