<p>India's central bank and regulatory authority has given Fintech company Paytm Payments Services Ltd a further 15 days to reapply for a licence to operate as a payment aggregator, the company announced on Sunday.</p>

<p>"Our subsidiary Paytm Payment Services has received an extension from RBI for resubmission of PA license application. PPSL can continue to serve existing partners. We proudly lead with our 100% indigenous technology," Paytm said in a statement.&nbsp;</p>

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<p dir="ltr" lang="en">Our subsidiary Paytm Payment Services has received extension from RBI for resubmission of PA license application. PPSL can continue to serve existing partners. We proudly lead with our 100% indigenous technology.<a href="https://t.co/E4WQTGWnS0">https://t.co/E4WQTGWnS0</a></p>
— Paytm (@Paytm) <a href="https://twitter.com/Paytm/status/1639990129816133632?ref_src=twsrc%5Etfw">March 26, 2023</a></blockquote>
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<p>The company in its statement said that during this time, Paytm Payment Services can continue with its online payment aggregation business for existing partners, without onboarding any new merchants.</p>

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<p>It is important to note that Paytm Payment Services had to resubmit the application for Payment Aggregators services within 120 calendar days. The Reserve Bank of India on 15 February published a list of applicants who have been given in-principle authorisation to function as payment aggregators. At the time, some businesses including Paytm Payment Services had been requested to reapply.&nbsp;</p>

<p>"In this regard, we would like to inform you that we have recently received an extension of time from RBI for resubmission of the application," the company's notification said on Sunday.&nbsp;</p>

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<p>A payment aggregator license is a permit granted by a regulatory authority to a company that acts as an intermediary between a merchant and a customer in a payment transaction. Payment aggregators collect payments from customers on behalf of merchants and then transfer the funds to the merchant's account after a specific time.&nbsp;</p>

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<p>Paytm Payments Services Ltd is one of the biggest players in the online payments business in India and is a wholly owned subsidiary of One 97 Communications.&nbsp;The One 97 Communications business, which owns the well-known Paytm brand, had its application for a payment aggregator licence rejected by India's banking regulator in November.</p>

<p>In the latest update on the extension given by RBI, Paytm said this continues to have "no material impact on our business and revenues, since the communication from RBI is applicable only to onboarding of new online merchants and we can continue to provide payment services to our existing online merchants."&nbsp;</p>

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India's central bank and regulatory authority has given Fintech company Paytm Payments Services Ltd a further 15 days to reapply for a licence to operate as a payment aggregator, the company announced on Sunday.

India's central bank and regulatory authority has given Fintech company Paytm Payments Services Ltd a further 15 days to reapply for a licence to operate as a payment aggregator, the company announced on Sunday. "Our subsidiary Paytm Payment Services has received an extension from RBI for resubmission of PA license application. PPSL can continue to serve existing partners. We proudly lead with our 100% indigenous technology," Paytm said in a statement. Our subsidiary Paytm Payment Services has received extension from RBI for resubmission of PA license application. PPSL can continue to serve existing partners. We proudly lead with our 100% indigenous technology.https://t.co/E4WQTGWnS0 — Paytm (@Paytm) March 26, 2023 × The company in its statement said that during this time, Paytm Payment Services can continue with its online payment aggregation business for existing partners, without onboarding any new merchants. Also Read | Walmart lays off hundreds of US employees, gives them 90 days to find job at its other facilities It is important to note that Paytm Payment Services had to resubmit the application for Payment Aggregators services within 120 calendar days. The Reserve Bank of India on 15 February published a list of applicants who have been given in-principle authorisation to function as payment aggregators. At the time, some businesses including Paytm Payment Services had been requested to reapply. "In this regard, we would like to inform you that we have recently received an extension of time from RBI for resubmission of the application," the company's notification said on Sunday. Also Read | Verified Twitter account without Blue checkmark? Musk's platform steps up to avoid shame, trolling A payment aggregator license is a permit granted by a regulatory authority to a company that acts as an intermediary between a merchant and a customer in a payment transaction. Payment aggregators collect payments from customers on behalf of merchants and then transfer the funds to the merchant's account after a specific time. Watch | Twitter CEO Elon Musk to give stocks to employees at $20 dollar valuation × Paytm Payments Services Ltd is one of the biggest players in the online payments business in India and is a wholly owned subsidiary of One 97 Communications. The One 97 Communications business, which owns the well-known Paytm brand, had its application for a payment aggregator licence rejected by India's banking regulator in November. In the latest update on the extension given by RBI, Paytm said this continues to have "no material impact on our business and revenues, since the communication from RBI is applicable only to onboarding of new online merchants and we can continue to provide payment services to our existing online merchants." WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India: Paytm gets extension by central bank to re-apply for payment aggregator licence

<p>Somali lawmakers voted unanimously on Saturday to cancel a two-year presidential term extension they had approved last month, after clashes in the capital Mogadishu between factions of the security forces, which are divided over the issue. &nbsp;</p>

<p>In a speech following the vote in the lower house of parliament, Prime Minister Mohamed Hussein Roble ordered the army to return to barracks and urged politicians to avoid inciting violence. &nbsp;</p>

<p>The political crisis has raised fears that al Qaeda-linked al Shabaab insurgents could exploit a security vacuum if state forces split along clan lines and turn on each other. The group has taken over at least one Somali town in the past week as heavily armed fighters moved from the countryside into the capital city. &nbsp;</p>

<p>President Mohamed Abdullahi Mohamed's attempt to extend his term has also angered foreign donors, who have backed his government in an attempt to bring stability to Somalia after more than two decades as a failed state following a civil war that began in 1991.&nbsp;</p>

<p>Saturday’s lower house vote was broadcast on Somali television and came shortly after Mohamed addressed parliament and said he was directing the prime minister to prepare to hold a delayed parliamentary election.&nbsp;</p>

<p>Roble said in a Twitter post late on Saturday that the government will ‘soon’ prepare the plan for elections, and thanked the president and the parliament. &nbsp;</p>

<p>Mohamed’s term expired in February, but without a new crop of lawmakers, parliament was unable to choose a president.&nbsp;</p>

<p>The term extension was approved by the lower house last month but rejected by the Senate, provoking the crisis that has intensified in the past week.&nbsp;</p>

<p>Between 60,000 and 100,000 people were forced to flee their homes following clashes on Sunday that stirred fears of all-out war between heavily armed factions for and against the president.&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Somali lawmakers voted unanimously on Saturday to cancel a two-year presidential term extension they had approved last month, after clashes in the capital Mogadishu between factions of the security forces, which are divided over the issue.

Somali lawmakers voted unanimously on Saturday to cancel a two-year presidential term extension they had approved last month, after clashes in the capital Mogadishu between factions of the security forces, which are divided over the issue. In a speech following the vote in the lower house of parliament, Prime Minister Mohamed Hussein Roble ordered the army to return to barracks and urged politicians to avoid inciting violence. The political crisis has raised fears that al Qaeda-linked al Shabaab insurgents could exploit a security vacuum if state forces split along clan lines and turn on each other. The group has taken over at least one Somali town in the past week as heavily armed fighters moved from the countryside into the capital city. President Mohamed Abdullahi Mohamed's attempt to extend his term has also angered foreign donors, who have backed his government in an attempt to bring stability to Somalia after more than two decades as a failed state following a civil war that began in 1991. Saturday’s lower house vote was broadcast on Somali television and came shortly after Mohamed addressed parliament and said he was directing the prime minister to prepare to hold a delayed parliamentary election. Roble said in a Twitter post late on Saturday that the government will ‘soon’ prepare the plan for elections, and thanked the president and the parliament. Mohamed’s term expired in February, but without a new crop of lawmakers, parliament was unable to choose a president. The term extension was approved by the lower house last month but rejected by the Senate, provoking the crisis that has intensified in the past week. Between 60,000 and 100,000 people were forced to flee their homes following clashes on Sunday that stirred fears of all-out war between heavily armed factions for and against the president. (With inputs from agencies)

Somalia's parliament votes to cancel presidential term extension 

Greece announced a second lockdown due to the large spread of covid-19 cases in the country, the government also gave an extension for hair saloons for the next 3 days.

Greece announced Second lockdown for next 3 weeks due to covid panedemic.

<p>Lionel Messi on Saturday finally put pen to paper on a contract extension keeping him at Barcelona until 2021, the club announced, making official an agreement reached in July.</p>

<p>The Spanish giants had announced in the summer that Messi had committed his future to the club but the Argentine had not signed the new deal, with his existing contract set to expire in 2018.</p>

<p>&quot;FC Barcelona and Lionel Messi signed on Saturday morning a new contract that will keep the Argentinian superstar at the club through the 2020/21 season,&quot; read a club statement. &quot;The buyout clause was set at 700 million euros ($835 million).&quot;</p>


Lionel Messi on Saturday finally put pen to paper on a contract extension keeping him at Barcelona until 2021, the club announced, making official an agreement reached in July

Lionel Messi on Saturday finally put pen to paper on a contract extension keeping him at Barcelona until 2021, the club announced, making official an agreement reached in July. The Spanish giants had announced in the summer that Messi had committed his future to the club but the Argentine had not signed the new deal, with his existing contract set to expire in 2018. "FC Barcelona and Lionel Messi signed on Saturday morning a new contract that will keep the Argentinian superstar at the club through the 2020/21 season," read a club statement. "The buyout clause was set at 700 million euros ($835 million)."

Messi extends Barcelona contract until 2021

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