India defers approval for Paytm's $6m investment in its payments arm: report

India defers approval for Paytm's $6m investment in its payments arm: report

Photo: Reuters

India has deferred approval of Paytm’s 500 million rupee ($6 million) investment in its Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter