- The Reserve Bank of India (RBI) instructed the company’s affiliate, Paytm Payment Services Ltd (PPSL), not to onboard new online merchants, which caused shares of One 97 Communications, the operator of India’s largest digital-payments service Paytm, to decline 4% to Rs 444.35 on the BSE on Monday.
- This was in response to a licencing application for payment aggregators that the business had submitted.
RBI asks Paytm not to add new online merchants, causing a 4% intraday drop.
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