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One 97 Communications Ltd. ( (IN:PAYTM) ) has shared an announcement.
Paytm Payments Services Limited, a subsidiary of One 97 Communications Ltd., has received a Certificate of Authorization from the Reserve Bank of India to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007. This authorization is expected to enhance the company’s operations and financial performance, reflecting positively in its consolidated financials, and potentially strengthening its position in the digital payments industry.
More about One 97 Communications Ltd.
One 97 Communications Ltd. operates in the digital payments industry, primarily offering services through its subsidiary Paytm Payments Services Limited. The company focuses on providing payment solutions and financial services, leveraging technology to facilitate seamless transactions in the Indian market.
Average Trading Volume: 160,280
Technical Sentiment Signal: Buy
Current Market Cap: 794.7B INR
Find detailed analytics on PAYTM stock on TipRanks’ Stock Analysis page.