Report: Paytm Gets OK to Invest in Payments Subsidiary

Report: Paytm Gets OK to Invest in Payments Subsidiary

Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm to invest $6 million in Paytm Payment Services, Reuters reported Tuesday (July 7), citing sources with knowledge of the matter. This approval, the report says, still needs to be vetted by India’s finance ministry. Assuming that body signs off, it will allow Paytm Payment Services to resume normal business …