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Paytm won approval from Indias finance ministry to invest in its payment services operation.The company announced the approval Wednesday Aug. 28 in a disclosure posted to its website. Paytm has faced scrutiny this year after being ordered to close its payments bank in January.Paytm said it will now apply with the finance ministry to get back its payment services license. We remain committed to a compliance-first approach and upholding the highest regulatory standards, the company said in its letter. As a homegrown Indian company, Paytm is focused on contributing to and advancing the Indian financial ecosystem. Paytm has been struggling since the Reserve Bank of India RBI 鈥?the countrys banking regulator and central bank 鈥?suspended business at Paytm Payments Bank, which had processed much of Paytms payments.The RBI made the move after an audit u
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