New Delhi: Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”. Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license application and potential penalties. A company spokesperson said that the information appears speculative as the government has consistently championed fintech initiatives. “The ongoing application process has seen us promptly provide the requested information, with no indication of rejection or penalties involved. Aligning with th
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