The investment allows Paytm to beef up its arm which processes online transactions. While the investment is less than $12 million, an approval would signal Paytm is still in the governments good books even as the countrys banking regulator has tightened its grip on the company.
Paytm gateway enables payment from fixed deposit account held with IndusInd business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Fintech giant Paytms parent company One97 Communications Limited is headed for a $3 billion initial public offering (IPO), the highest ever market debut in India, and while the market leader has established its presence across a plethora of .
PayPal was offering its payment gateway to Indian brands and online merchants, as well as providing international remittance services for small and medium enterprises including exporters, in the country.