India's financial crime regulator says Paytm violated forex rules

India's financial crime regulator says Paytm violated forex rules

A QR code sticker of the digital payment app Paytm is seen outside a grocery store in Kolkata, India July 9, 2024. REUTERS/Sahiba Chawdhary / File Photo

India’s financial crime fighting agency said on Monday its investigation revealed that payment services provider Paytm and its units had violated the country’s Foreign Exchange Management Act to the tune of 6.11 billion rupees ($70.00 million).

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