Mint Explainer | What losing its payments bank licence means for Paytm

But what triggered the action, and what does it mean for Indias fintech major? Mint breaks it down. Why did the RBI cancel PPBLs licence? PPBL, launched in May 2017, had long been under regulatory … RBI action caps a years-long regulatory clampdown, forcing Paytm to recast its payments stack and rethink its lending strategy.