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Nakula Jain – Photo: Paytm
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Nakul Jain, CEO of Paytm Payment Services Limited, has resigned. He has left a position to start his own business journey. In the filing of stock exchange, the company gave this information on Monday.
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The company said, “We are looking for their worthy options, and will announce the new name soon. Meanwhile, PPSL is focusing on advancing its development and fulfilling its business objectives.”
The CEO of the company has resigned at a time when Fintech is waiting for the approval of the central bank for its payment aggregator license. In November 2022, the Reserve Bank of India (RBI) rejected Paytm’s application for not following FDI criteria.
In August 2024, Paytm was approved by the government for downstream investment in PPSL. Subsequently, the company re -applied for the PA license. PPSL said that while waiting for approval, it will continue to provide payment services to its existing online traders.
