Paytm Payments Bank Ban
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Paytm Gets Approval From Payments Authority To Enroll New UPI Users
The Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for financial services firm after a central bank-ordered ban on its banking unit.
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RBI Addresses Queries On Paytm Payments Bank Operation After March 15
RBI has stopped Paytm Payments Bank from onboarding new customers. The action was triggered by persistent and serious supervisory concerns.
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Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
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''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
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Curbs On Paytm Payments Bank Services: What Happens To Your Money Now
In a major blow to Paytm Payments Bank Limited, an associate of Paytm, the RBI on Wednesday ordered the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other prepaid instruments.
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You Can't Use Paytm Payments Bank Wallet, Transfers After Feb 29. See Banned Services
The Reserve Bank of India has taken action against Paytm Payments Bank after it directed the bank to not onboard new customers over supervisory concerns.
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RBI Bans Paytm Payments Bank From Taking On New Customers
RBI has directed Paytm Payments Bank to stop taking on new customers with immediate effect, citing "material supervisory concerns"
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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
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Paytm Launches Payments Bank, To Open 31 Branches In A Year
Paytm became a household name across India after New Delhi's shock move to ban high-value currency notes late last year resulted in a cash crunch and boosted the use of its electronic wallet.
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When India Killed The 1,000-Rupee Note, How Paytm Hustled
Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...
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As E-Wallets Go Big Amid Cash Crunch, Challenges Remain On The Streets
Since the government banned old 500 and 1,000 rupee notes last month, electronic wallets have had a dream run. According to the Reserve Bank of India, digital wallets like Paytm and MobiKwik have added 1 million users per day since the demonetisation was announced on November 8. But has the experience for users been equally rosy?
-
Paytm Gets Approval From Payments Authority To Enroll New UPI Users
The Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for financial services firm after a central bank-ordered ban on its banking unit.
-
RBI Addresses Queries On Paytm Payments Bank Operation After March 15
RBI has stopped Paytm Payments Bank from onboarding new customers. The action was triggered by persistent and serious supervisory concerns.
-
Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
-
''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
-
Curbs On Paytm Payments Bank Services: What Happens To Your Money Now
In a major blow to Paytm Payments Bank Limited, an associate of Paytm, the RBI on Wednesday ordered the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other prepaid instruments.
-
You Can't Use Paytm Payments Bank Wallet, Transfers After Feb 29. See Banned Services
The Reserve Bank of India has taken action against Paytm Payments Bank after it directed the bank to not onboard new customers over supervisory concerns.
-
RBI Bans Paytm Payments Bank From Taking On New Customers
RBI has directed Paytm Payments Bank to stop taking on new customers with immediate effect, citing "material supervisory concerns"
-
India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
-
Paytm Launches Payments Bank, To Open 31 Branches In A Year
Paytm became a household name across India after New Delhi's shock move to ban high-value currency notes late last year resulted in a cash crunch and boosted the use of its electronic wallet.
-
When India Killed The 1,000-Rupee Note, How Paytm Hustled
Founder and Chief Executive Vijay Shekhar Sharma is pushing himself to extremes because he knows this is a pivotal moment for Paytm (which rhymes with ATM). Two months ago, with no warning, the Indian government said it was scrapping 500- and 1,000-rupee banknotes, in a stroke excising four-fifths of the nation's paper money. The move was designed ...
-
As E-Wallets Go Big Amid Cash Crunch, Challenges Remain On The Streets
Since the government banned old 500 and 1,000 rupee notes last month, electronic wallets have had a dream run. According to the Reserve Bank of India, digital wallets like Paytm and MobiKwik have added 1 million users per day since the demonetisation was announced on November 8. But has the experience for users been equally rosy?
