Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days
10 months, 3 weeks ago

Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days

ABP News  

India’s leading payments and financial services distribution company Paytm is in discussion with large banks to migrate nodal accounts and comply with the regulatory norms by February 29. Vijay emphasized Paytm’s proactive approach in collaborating with banks for two years, signaling a decrease in dependency on Paytm Payments Bank. “We maintain multiple nodal accounts for various businesses that Paytm and the group entities do with large commercial banks and not just paytm payments bank, we have 3 more banks in which we have already API connects on nodal businesses. We have a 30k salesforce on the ground to make sure repayment and settlement accounts take place on time.” The management clarified the structural independence between Paytm Payments Bank and Paytm, emphasizing PPB’s autonomy in compliance, risk management, and other regulatory requirements.

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History of this topic

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
6 months, 3 weeks ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Is Paytm in talks with Adani Group to sell stake? Company issues clarification
6 months, 3 weeks ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News  

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
7 months ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
7 months, 2 weeks ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm starts migrating users to new UPI IDs: What changes for you?
8 months, 1 week ago

Paytm starts migrating users to new UPI IDs: What changes for you?

Hindustan Times  

One97 Communications Limited, Paytm's parent company, began migrating customers to partner payment service provider banks Axis Bank, HDFC Bank, SBI and Yes Bank. Until now, Paytm UPI customers were using Paytm Payments Bank Limited which was barred by the Reserve Bank of India from conducting several business operations. Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’
9 months, 2 weeks ago

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. He asserted, “And it is important for you, yourself to be taking care of …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
9 months, 3 weeks ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Paytm discontinues inter-company agreements with Paytm Payments Bank
9 months, 3 weeks ago

Paytm discontinues inter-company agreements with Paytm Payments Bank

Live Mint  

Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank to “reduce dependencies”, Reuters reported. The goal is to enhance the governance of Paytm Payments Bank, making it more independent of its shareholders. The Paytm Payment Bank Crisis Paytm's fintech arm, PPBL has been hit with …

Why did Vijay Shekhar Sharma have to resign as Paytm Payments Bank chairman?
9 months, 4 weeks ago

Why did Vijay Shekhar Sharma have to resign as Paytm Payments Bank chairman?

Hindustan Times  

Vijay Shekhar Sharma, the founder and CEO of Paytm, has resigned from his position as part-time non-executive chairman of Paytm Payments Bank Limited amid RBI's clampdown on the fintech firm over compliance issues. Vijay Shekhar Sharma, the Founder and CEO of Paytm Due to persistent non-compliance and ongoing material supervisory concerns, the Reserve Bank of India has prohibited PPBL from …

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted
9 months, 4 weeks ago

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted

Hindustan Times  

Paytm founder Vijay Shekhar Sharma has resigned as part-time non-executive Chairman of Paytm Payments Bank Limited ahead of the March 15 deadline to wind down its business. PPBL has also reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar …

Paytm Payments Bank Fastag Users: Switch To New Provider Before March 15, Check All Options Here
9 months, 4 weeks ago

Paytm Payments Bank Fastag Users: Switch To New Provider Before March 15, Check All Options Here

News 18  

Paytm Payments Bank can no longer offer FASTag services. Indian Highways Management Company Ltd, toll collecting arm of state-owned NHAI, recently advised highway users to buy FASTags from 32 authorised banks sans Paytm Payments Bank for hassle-free travel. However, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024. The …

Paytm Payments Bank Chairman Vijay Shekhar Sharma quits
9 months, 4 weeks ago

Paytm Payments Bank Chairman Vijay Shekhar Sharma quits

India Today  

Paytm founder Vijay Shekhar Sharma on Monday resigned as Paytm Payments Bank Chairman ahead of March 15 deadline set by the Reserve Bank of India to accept further credits into its customer accounts. Vijay Shekhar Sharma was the part-time non-executive Chairman of Paytm Payments Bank Limited. The announcement comes weeks after RBI barred Paytm Payments Bank from receiving deposits and …

NPCI to examine Paytm's third-party app request for UPI: RBI
10 months ago

NPCI to examine Paytm's third-party app request for UPI: RBI

Hindustan Times  

The Reserve Bank of India on Friday said it has advised National Payments Corporation of India to examine One97 Communication Limited's request seeking approval for the Third-Party Application Provider route for continuation of Paytm's Unified Payments Interface services. Paytm Payments Bank cannot onboard new customers after March 15 One97 Communication Limited is the parent firm of fintech major Paytm. On …

Finance Minister to Meet Fin-Tech Heads Amid Paytm Crisis
10 months ago

Finance Minister to Meet Fin-Tech Heads Amid Paytm Crisis

Deccan Chronicle  

New Delhi:Amid the ongoing crisis faced by leading fin-tech firm Paytm, finance minister Nirmala Sitharaman has decided to meet heads of financial technology companies next week to persuade them to strictly follow regulatory norms. The move by the minister comes at a time when Paytm Payments Bank Ltd, promoted by One97 Communications Ltd, faced regulatory actions by the Reserve Bank …

Paytm, Axis Bank to apply this week for third-party route for UPI: Report
10 months ago

Paytm, Axis Bank to apply this week for third-party route for UPI: Report

Hindustan Times  

One97 Communications Limited, which owns Paytm, and recently joined hands with Axis Bank in the wake of Reserve Bank of India's crackdown against Paytm Payments Bank, will apply this week for the third-party application provider route, with the application to be sent to the National Payments Corporation of India, Moneycontrol has reported. Cutlery vendor switches on Paytm, a digital payments …

Paytm invalid for FASTag: These are 32 authorised banks you can use
10 months ago

Paytm invalid for FASTag: These are 32 authorised banks you can use

Hindustan Times  

Paytm FASTag: The National Highways Authority of India removed Paytm from the list of authorised banks that can issue new FASTags. Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India. Paytm FASTags will become non-functional after the Reserve Bank of India issued an order directing Paytm Payments Bank to cease taking deposits or top-ups …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
10 months ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Paytm partners with Axis Bank to settle merchant payments amid RBI crackdown against payments bank
10 months, 1 week ago

Paytm partners with Axis Bank to settle merchant payments amid RBI crackdown against payments bank

Hindustan Times  

Amid the Paytm Payments Bank crisis, fintech company Paytm has decided to sign a partnership deal with Axis Bank to initiate the smooth settlement of merchant transactions. Paytm partners with Axis Bank for continues transactions This comes after RBI advised all merchants and customers to shift their accounts from Paytm Payments Bank to other banks before the March 15 deadline. …

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15
10 months, 1 week ago

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15

The Hindu  

The Reserve Bank of India has extended the earlier stipulated deadline for Paytm Payments Bank’s customers to make deposits and access credit transactions till March 15, 2024. However, those merchants who are accepting payments using a Paytm QR code, Paytm soundbox, Paytm POS terminal linked to their bank account or wallet with Paytm Payments Bank will not be able to …

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work
10 months, 1 week ago

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work

Op India  

The Reserve Bank of India on Friday gave a 15 day relaxation to Paytm payments bank on accepting deposits. However, no fresh deposits with partner banks through Paytm Payments Bank will be allowed after March 15, 2024. Merchants using Paytm Payments Bank to receive payments using a Paytm QR code, Paytm soundbox or Paytm POS terminal, linked to another bank …

RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions
10 months, 1 week ago

RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions

The Hindu  

The RBI on February 16 gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd 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 to stop further deposits, credit transactions, …

Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15
10 months, 1 week ago

Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15

News 18  

The Reserve Bank of India on Friday extended deadlines on certain business restrictions regarding Paytm Payments Bank Ltd by 15 days till March 15, 2024, as against the February 29 decided earlier. PPBL Business Restrictions Where Deadline Extended Till March 15 In a notification, the RBI said, “No further deposits or credit transactions or top ups shall be allowed in …

RBI grants Paytm Payments Bank extension until March 15 to stop deposits
10 months, 1 week ago

RBI grants Paytm Payments Bank extension until March 15 to stop deposits

Hindustan Times  

The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. A customer pays cash to buy vegetables next to a QR code of Paytm, a digital payments firm, on display …

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest
10 months, 1 week ago

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest

India Today  

The Reserve Bank of India on Friday extended the earlier deadline given to Paytm Payments Bank Limited to stop key services, including credit transactions, deposits, wallet, and FASTags. The central bank has said in a fresh circular that the new deadline is March 15, and also released a list of FAQ on Paytm Payments Bank. "Keeping in view the interest …

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances
10 months, 1 week ago

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances

Live Law  

The recent action of the Reserve Bank of India against Paytm's subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. This action of the RBI comes in light of multiple repeated violations by the Paytm Payment Bank of various compliances, regulations, and directions that are in place to regulate the functioning of payment banks. It is pertinent …

Paytm forms advisory panel under former SEBI chairman M Damodaran
10 months, 2 weeks ago

Paytm forms advisory panel under former SEBI chairman M Damodaran

Live Mint  

The owner of fintech firm Paytm, One 97 Communications Limited, on Friday announced the formation of an advisory committee chaired by former Securities and Exchange Board of India chairman M Damodaran. The three-member committee includes former president of the Institute of Chartered Accountants of India MM Chitale and former chairman and MD of Andhra Bank R Ramachandran. “The Board of …

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS
10 months, 2 weeks ago

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS

India TV News  

Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary. This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, …

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order
10 months, 2 weeks ago

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order

India TV News  

New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. "Paytm Payments Bank independent director Manju Agarwal has resigned from the company's board after RBI order," the source said. RBI order to Paytm Payments Bank The RBI issued a directive on January 31, instructing …

RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary Joshi
10 months, 2 weeks ago

RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary Joshi

India TV News  

Financial Services Secretary Vivek Joshi said on Wednesday that the issue concerning Paytm is within the jurisdiction of the Reserve Bank of India, emphasising that the government's involvement is currently not warranted. He reassured that Paytm Payments Bank Ltd is a relatively small financial entity, alleviating concerns about systemic stability. Addressing concerns about financial stability due to the RBI's actions …

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply
10 months, 2 weeks ago

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma on Tuesday had met finance minister Nirmala Sitharaman in wake of the Reserve Bank of India actions against his Paytm Payments Bank. According to a Moneycontrol report, the central bank refused to grant any concession to the Paytm Payments Bank including the migration of users' accounts to other banks and extension …

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report
10 months, 2 weeks ago

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report

Hindustan Times  

In a massive setback to Paytm, the Reserve Bank of India has refused to offer any concessions during its meeting with the fintech firm founder Vijay Shekhar Sharma. The central bank refused to help Paytm Payments Bank in any manner, including the migration of accounts to other banks or extending the deadline after February 29, Moneycontrol reported. Banks not keen …

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
10 months, 2 weeks ago

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs

India TV News  

Shares of One97 Communications Ltd, the parent company of the Paytm brand, rebounded on Tuesday morning after experiencing three consecutive days of sharp declines. Over the past three days, the stock plummeted by over 42 per cent, resulting in a loss of Rs 20,471.25 crore in market valuation, following regulatory actions from the Reserve Bank of India. The RBI's recent …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
10 months, 2 weeks ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

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 company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’
10 months, 2 weeks ago

Paytm's Vijay Shekhar Sharma puts up a brave face amid crisis, tells employees ‘no layoffs’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma assured employees that there will be no layoffs as the company continues to struggle after the Reserve Bank of India restricted Paytm Payment Bank Ltd from offering almost all major banking services- taking deposits, FASTag, and credit transactions. Many banks are helping us,” Vijay Shekhar Sharma said during a virtual town hall with employees of …

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
10 months, 2 weeks ago

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown

Hindustan Times  

After the Reserve Bank of India cracked down against Paytm Payments Bank and its regulatory violations, traders' body CAIT issued a cautionary advice to Paytm users, urging them to switch to other payment apps. The Confederation of All India Traders said in a statement that traders are advised to use payment platforms other than Paytm for business-related transactions as RBI …

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank
10 months, 3 weeks ago

Why Did Paytm Shares Tank Another 20% Today? Know Details of RBI's Action Against Paytm Payments Bank

News 18  

Shares of One97 Communications Ltd, which owns Paytm brand, on Friday plummetted another 20 per cent. The decline comes as the RBI has directed Paytm Payments Bank Ltd to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. Fintech firm Paytm sees an impact of Rs 300-500 crore on its annual operational …

RBI Bars Paytm Bank from Offering Banking Services After February 29
10 months, 3 weeks ago

RBI Bars Paytm Bank from Offering Banking Services After February 29

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Wednesday banned Paytm Payments Bank Ltd from offering all forms of banking services including fund transfers via Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29, 2024. However Paytm customers need not worry as they can continue to utilise balances from their accounts, including savings and current without restriction …

Are you a Paytm Payments Bank customer? Check how RBI action impacts you
10 months, 3 weeks ago

Are you a Paytm Payments Bank customer? Check how RBI action impacts you

Hindustan Times  

The Reserve Bank of India on Wednesday imposed stringent restrictions on the operations of Paytm Payments Bank Ltd due to supervisory concerns. The central bank restricted Paytm Payments Bank Ltd from fresh deposits and credit transactions across its services. The regulatory action follows an initial directive dated March 11, 2022, wherein the RBI directed Paytm Payments Bank to halt the …

RBI bars Paytm Payments Bank from accepting deposits after Feb 29
10 months, 3 weeks ago

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

Hindustan Times  

The Reserve Bank of India on Wednesday barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. “The Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action,” …

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets
1 year ago

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets

India TV News  

Paytm, one of the leading mobile payments and financial services distribution companies of India said that it will expand its credit distribution business. With the widespread acceptance of loan distribution and strong portfolio performance, Paytm witnessed encouraging early trends when the company started working in this direction last quarter. The spokesperson of Paytm said, "As the lending distribution business is …

Paytm Payments Bank ‘at farms length’ from One97, don’t need incremental customers for credit business growth: Vijay Shekhar Sharma
1 year, 2 months ago

Paytm Payments Bank ‘at farms length’ from One97, don’t need incremental customers for credit business growth: Vijay Shekhar Sharma

The Hindu  

Paytm Payments Bank Ltd and One97 Communications Ltd are two different companies which operate not just at arm's length but "at farms" length, a top official of Paytm said on Saturday. In response to a question on the impact of the RBI banning Paytm Payment Bank Ltd from onboarding new customers, Paytm founder and CEO Vijay Shekhar Sharma during the …

Paytm wins banking regulator extension for payment aggregator license: Report
1 year, 8 months ago

Paytm wins banking regulator extension for payment aggregator license: Report

Hindustan Times  

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

This is how Paytm built UPI leadership on top of its QR pioneership
1 year, 10 months ago

This is how Paytm built UPI leadership on top of its QR pioneership

Hindustan Times  

From a cash-reliant nation to a digital-first economy, India's payment landscape has undergone a massive transformation thanks to QR and digital payments pioneer Paytm's range of innovative products tailored to meet the needs of Indian consumers and merchants. As a pioneer in the digital payments space, Paytm developed the QR code-based payment method for brick-and-mortar stores, becoming the first company …

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm
1 year, 10 months ago

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm

The Quint  

In the Indian financial ecosystem, Paytm became a trendsetter when it launched its mobile wallet and QR payments almost a decade ago. During the recent earnings call, Paytm Founder and CEO Vijay Shekhar Sharma highlighted that Paytm's focus on merchant payments instead of consumer led UPI payment has created a scalable UPI revenue model in subscription. Sharma also mentioned that …

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 10 months ago

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more

India TV News  

One97 Communications Limited, the owns of Paytm, the online payments and financial services company and the pioneer of QR and mobile payments, has launched a special G20-theme QR Code to celebrate India’s presidency of the intergovernmental forum and the country’s leadership in mobile payments. This QR code was launched by Mr. Ashwini Vaishnaw, Hon’ble Minister for Railways, Communications and Electronics …

The inside story of Paytm’s lending pivot
2 years, 6 months ago

The inside story of Paytm’s lending pivot

Live Mint  

NEW DELHI : 2020 will be year of lending, globally," Paytm’s founder and CEO Vijay Shekhar Sharma had tweeted, a grimacing face emoji completing the sentence. “Paytm’s lending business has been scaling up well, while maintaining good credit metrics, which should further help allay investor concerns," Goldman Sachs stated in its earnings review report. “The offline payments business is reporting …

Paytm RBI Ban: CEO Says 'RBI Can't be Illogical, Paytm is a Listed Company', Know Why
2 years, 9 months ago

Paytm RBI Ban: CEO Says 'RBI Can't be Illogical, Paytm is a Listed Company', Know Why

News 18  

Paytm CEO Vijay Shekhar Sharma has recently said that the Reserve Bank of India’s processes are respectable but Paytm was now a publicly listed company. However, the Sharma did not give out any details on why the RBI issued a directive to stop onboarding new customers to the Paytm Payments Bank earlier last week. Not just that, it is absolute …

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