Paytm pioneered mobile payments in India and transformed the way people made digital transactions by introducing technologies ...

BENGALURU, Aug 28 (Reuters) - India's Paytm , opens new tab has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday.

China's Alibaba Group sold a 3.1% stake in Indian digital payments firm Paytm for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters.