The government has started exploring various aspects of foreign direct investment (FDI) from China in Paytm Payments Services (PPSL). According to sources, an inter-ministerial committee is reviewing the matter.
The future of Paytm depends a lot on their report. The opposition has been firing cannons at the Modi government for a long time around China’s investment in Paytm. Finally got active on the matterGovt
Paytm’s parent company, One97 Communications, however, did not comment on the matter. But they claim that the banks are on their side. Financial transaction services will not be a problem. The Reserve Bank last month banned Paytm Payments Bank’s various services for violating regulations.
