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Paytm secures finance ministry approval for investment in payment services business

Paytm has received the green light from the finance ministry to invest in its payment services business. The company aims to reapply for the license for its payment services. Though Paytm remained reserved on specific amounts, Reuters highlighted a 500 million rupee investment. The payment services division significantly contributed to its revenue in the last fiscal year.Paytm has received the green light from the finance ministry to invest in its payment services business. The company aims to reapply for the license for its payment services. Though Paytm remained reserved on specific amounts, Reuters highlighted a 500 million rupee investment. The payment services division significantly contributed to its revenue in the last fiscal year.