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Paytm Payments Bank

Paytm, Paytm Payments Bank to discontinue inter-company pacts to reduce dependencies

The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concernsNew Delhi: Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has...

Amid Paytm Payments crisis, Google Pay announces expansion of Soundpods

The development comes at a time when RBI has ordered Paytm Payments Bank Limited (PPBL) to stop accepting any money after March 15 for transactions.New Delhi: Fintech firm Google Pay Thursday announced the expansion of sound pods for merchants...

RBI asks Visa, Mastercard to stop card-based commercial payments

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments BankNew Delhi: The Reserve Bank has asked international payments major Visa and Mastercard to stop card-based commercial payments made by small and large businesses...

Paytm Payments Bank’s independent director resigns from board

The RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29New Delhi: Paytm Payments Bank independent director Manju Agarwal is learnt to have...

RBI orders Paytm Payments Bank to halt most services after Feb 29, Paytm anticipates Rs 300-500 Crore Impact

The company expects this action to have a worst-case impact of Rs 300-500 crore on its annual EBITDA going forwardNew Delhi: In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to...

Paytm clocks 40% GMV growth to Rs 3.62 lakh crore in March 2023 quarter

The company had recorded a total GMV of Rs 2.59 lakh crore a year ago in the same quarterNew Delhi: Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in...

Paytm unveils payments bank, targets 500 mn customers by 2020

Fintech company Paytm on Tuesday unveiled its payments bank becoming the first one to offer cashback on deposits. It aims to become the preferred bank for 500 million Indians by 2020. Customers will also be offered zero charge on all...

Paytm Payments Bank to launch on May 23

Fintech company Paytm on Wednesday said it will finally launch the operations of its payments bank on May 23. "We are in the process of launching Paytm Payments Bank on May 23. We recently received approval from the Reserve Bank...

Alibaba, SAIF Partners to invest US $200 in Paytm's online marketplace unit

Chinese e-commerce major Alibaba Group Holding Ltd, along with investment firm SAIF Partners, are set to invest US $200 million in Paytm’s online marketplace unit. Alibaba Singapore E-Commerce Pvt. Ltd will invest US $177 million in Paytm E-Commerce Pvt. Ltd—a...

Paytm to transfer wallet biz to payments bank

Digital payments firm Paytm said that its wallet business will soon be transferred to its payments bank but quashed social media rumours that the m-wallets will stop working after January 15. "There are some rumours circulating that you will not...
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

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