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Paytm News

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RBI on clampdown against Paytm: ‘Persistent Non-Compliance’

The clampdown on Paytm by the RBI is expected to have significant repercussions, both for the company itself and its user base. This action raises questions about the regulatory environment in which fintech companies operate and underscores the importance of adherence to regulato...
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Why did Paytm CEO met FM Nirmala Sitharaman amid crisis?

Paytm CEO Vijay Shekhar Sharma assured that the company is looking for all the options to ensure that stakeholders are protected from unwarranted and speculative stories....
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Jio financial denies reports of acquiring Paytm's Wallet Business

A spokesperson for Jio Financial emphasized that the company has consistently abided by and will continue to adhere to all disclosure requirements mandated by regulators....
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Paytm stock plunges another 10%, firm loses 43% since RBI crackdown

The Paytm’s stock dropped by its daily trading limit to Rs 438.5 on Monday....
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Could Mukesh Ambani buy Paytm's wallet? Jio Financial shares soar 13% on rumors

Paytm has been facing a severe threat to its future operations and viability since the Reserve Bank of India prohibited the payment bank from taking any new deposits or credits into customer accounts....
Morgan Stanley

Morgan Stanley acquires Paytm stake worth Rs 244 crore

The purchase by Morgan Stanley has come amid a decline in One 97 Communications' stock price, which had fallen by 20% for the two consecutive days aft...
Paytm

Will Paytm app keep working beyond Feb 29? Here's what Paytm founder says

The Paytm app will keep working beyond February 29, the RBI action will only impact the Paytm Payments Bank operations, the company's founder Vijay Sh...
Paytm

Paytm assures user deposits safe after RBI restricts payments bank

Paytm clarified that the RBI's prohibition on Paytm Payments Bank Limited from accepting any further deposits or account top-ups, effective February 2...
Paytm Payment Bank

RBI imposes ban on THESE services of Paytm Payment Bank; Changes effective after February 29

Paytm Payment Bank: This decision stems from non-compliance with regulatory guidelines, prompting the RBI to take decisive steps....
Paytm

Paytm barred from selling fresh FASTags; here’s the reason

The Paytm Payments Bank was barred from issuing fresh FASTags on Friday due to non-compliance with the terms of its service level agreement (SLA) with...
Vijay Shekhar Sharma

‘Making my To-Do list’ Paytm owner after laying over 1,000 workers

Paytm's CEO, Vijay Shekhar Sharma, sees AI as a key driver of future growth and efficiency. The planned major AI upgrades indicate a significant commi...
Paytm layoff

Paytm fires 1,000 employees: Automation to be blamed?

Paytm has reportedly asked its 1,000 people to leave in order to enhance efficiency and trim operational costs....

Shriram Finance, Paytm announce strategic merger

One97 Communications Limited, which owns the brand Paytm, on Friday announced a partnership with NBFC Shriram Finance Limited. The strategic merger...

Boards with QR code was part of the 2018 agreement with BKTC: Paytm

On Tuesday, Paytm provided the Badrinath-Kedarnath Temple Committee (BKTC) with an explanation, stating that as part of a contract with the BKTC in...

UPI Transactions Limits Fixed: Will Payments Over Rs 2000 Attract 1.1 Percent Surcharge?

According to the latest information, the National Payment Corporation of India (NPCI) has suggested that the payment made through Unified Payment I...

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