On Friday, Paytm received government approval for its 500 million rupee ($5.97 million) investment in its payments subsidiary, Paytm Payment Services. This approval, delayed for months due to concerns about the company's ties to China, removes the main obstacle to resuming normal operations. Paytm Payment Services is a major part of Paytm's business, making up a quarter of its revenue for the financial year ending March 2023. The green light for the investment was reported earlier this month.
