Paytm CEO Vijay Shekhar Sharma Meets RBI To Discuss Regulatory Concerns

Paytm founder and chief executive officer Vijay Shekhar Sharma met Union finance minister Nirmala Sitharaman on Tuesday to discuss the ongoing challenges faced by his fintech firm following the Reserve Bank of India curbs, ANI reported.

Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm.(Bloomberg)

Last week, the RBI had asked Paytm to stop accepting new deposits in its accounts and popular digital wallets from February 29. The company has sought an extension of the deadline from the RBI and has also been seeking clarity from the central bank on the transfer of its licence for the wallets business and FASTag.