Paytm All Set To Enter The Banking Space

Things are afoot in the payments industry. Its all started in August when RBI approved payment banks licenses for Airtel, Reliance, Paytm, Vodafone and Aditya Birla Nuvo. Several other entities which have been given ‘in-principle’ approval. Mobikwik, Oxigen, Citrus, and Novopay Itz Cash Card also applied for the licence but failed to get the nod from RBI.