💨 Abstract

Indian digital payments company, Paytm, received a show-cause notice from India's financial crime agency for allegedly violating the Foreign Exchange Management Act, regarding the acquisition of two subsidiaries from 2015 to 2019. The notice does not affect their services to consumers and merchants, as these companies were not subsidiaries of Paytm during the period in question.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖