New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The minister stressed that regulatory compliance cannot be “optional” for companies, rather it is an aspect every entrepreneur must pay full attention to. In … Read more
RBI FAQ Paytm Payments Bank: The RBI on Friday advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions. The earlier deadline was February … Read more
Mumbai: The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. As per a January 31 order of the central bank, PPBL was asked … Read more
New Delhi: Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm QR, Soundbox, card machine after the March 15 set by the Reserve Bank of India (RBI), as per a regulatory filing. The RBI … Read more
Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15. (Representative image) The deadlines on certain business restrictions regarding Paytm Payments Bank Ltd have been extended on services like top-ups and fund transfers, while the remaining PPBL services will be shut on February 29 only The Reserve Bank of India (RBI) on Friday … Read more
Last Updated: February 12, 2024, 08:17 IST Stocks to watch on February 12 Stocks to watch: Shares of firms like IRCTC, Paytm, Mamaearth, JSW Group, Coal India, ONGC, and others will be in focus on Monday’s trade. Stocks To Watch On February 12: After a subdued start, equity markets made a recovery to close higher … Read more
Image for representation. | Photo Credit: The Hindu Digital payments through the popular UPI platform were impacted on Tuesday evening because of some banks’ systems facing a glitch, the National Payments Corporation of India said. “Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues,” the NPCI said on … Read more
New Delhi: UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the fintech firm said on Monday. Paytm UPI service falls under the Paytm Payments Bank, which was recently restrained by the Reserve Bank of … Read more
Last Updated: February 04, 2024, 23:55 IST The ED had visited premises of the company and some other fintech firms like Razorpay in September 2022 (File Image) The company said it has cooperated with the agencies during any investigations by the authorities on any set of merchants or users in the past The Enforcement Directorate … Read more
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on tech poster boy Vijay Shekhar Sharma-run entities, sources said. The central bank has ordered Paytm Payments Bank Ltd (PPBL) to halt most of … Read more
