Paytm's founder, Vijay Shekhar Sharma, announced the company's intent to reapply for a payment aggregator (PA) licence from the Reserve Bank of India (RBI) during the Annual General Meeting, following approval from the Finance Ministry for downstream investments in its payment services business. Despite a previous rejection in November 2022 due to non-compliance with foreign investment regulations, Paytm remains committed to expanding its payment services operations. Sharma emphasized a shift towards profitability and the integration of AI technology in their business model. Paytm Payments Services Limited (PPSL) is set to continue providing online payment aggregation services while they prepare to resubmit the PA application. The company has been under scrutiny from regulators after the RBI ordered it to wind down its payments bank earlier this year. Currently, Paytm shares have shown slight fluctuations, reflecting ongoing market interests amid these developments.