Indian fintech Paytm wins a major regulatory battle days after key investor exit

Admin11 months ago08 mins

Indian fintech giant Paytm has received long-awaited approval from the country’s central bank to operate as a payment services provider for online merchants — just days after one of its Chinese investors sold its entire stake — marking a key regulatory breakthrough after months of setbacks and scrutiny. On Tuesday, the Reserve Bank of India…

#Paytm sells PayPay stake to SoftBank for 9.2 million

#Paytm sells PayPay stake to SoftBank for $279.2 million

Admin2 years ago03 mins

Paytm has agreed to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, as the Indian firm sheds non-core assets following a bruising regulatory clampdown earlier this year. The sale of Paytm’s stake in PayPay, which it received through acquisition rights six years ago, follows months of restructuring at the Indian…