Paytm denies being in talks with Jio Financial to sell its wallet biz

One97 Communications Ltd (OCL), the parent company of fintech major Paytm, has denied reports regarding any discussions on selling the wallet business of Paytm Payments Bank to Jio Financial Services.

In a similar vein, Jio Financial Services also denied engaging in any discussions with Paytm, in a statement made to the exchange late Monday.

“We have not been involved in any negotiations in this matter. Paytm Payments Bank Limited, our associate company, has also informed us that they have not been involved in any discussions regarding this,” OCL stated in a filing to the exchange.

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