Paytm Cuts Business Ties to Bank Sibling to Soothe Regulator
- Troubled fintech pioneer trying to address watchdog demands
- Regulator pushing for separation of bank, digital payment firm
This article is for subscribers only.
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Indian digital-payments provider Paytm said it is cutting back business ties with its banking affiliate, seeking to appease regulators who are pursuing a cleaner distinction between the two.