Will Paytm Wallet continue to work after March 15? So far Paytm has not clarified clearly
10 months ago

Will Paytm Wallet continue to work after March 15? So far Paytm has not clarified clearly

India Today  

Paytm Payments Bank will be banned or seized next month as the deadline for this just recently got extended. While the company has published a dedicated FAQ page to explain what will work on Paytm after March 15, it hasn't clarified whether Wallet will continue to work even if you haven't linked with Paytm Payments Bank. It's important to note that the Reserve Bank of India's ban solely affects users who have opened accounts specifically with Paytm Payments Bank. The company has provided clarification on its website regarding the recent directive issued by the Reserve Bank of India concerning Paytm Payments Bank Account/Wallet. According to the directive, after March 15, 2024, Paytm Payments Bank Account/Wallet will not accept new deposits or allow credit transactions.

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History of this topic

Is your Paytm wallet not accessible? It may have been closed. Here's what to do
6 months ago

Is your Paytm wallet not accessible? It may have been closed. Here's what to do

Hindustan Times  

Paytm Payments Bank announced that inactive wallets with zero balances without transactions in the previous year will be closed. As per Paytm Payments Bank website, “Please note that all wallets which do not have any transactions for the last 1 year or more and have nil balance, shall be closed w.e.f. This comes after the Reserve Bank of India banned …

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered
7 months, 1 week ago

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered

India Today  

Paytm Payments Bank was recently banned in India by the government on the pretext of non-compliance with regulations and supervisory issues. It will continue to function as it used to work, and features related to Paytm Payments Bank are not available. You can continue to make UPI Payments, send or receive money through UPI, or make offline QR code payments …

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 1 week ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm Payments Bank removed from FASTag issuers list. These are authorised banks: Check full list here
9 months, 1 week ago

Paytm Payments Bank removed from FASTag issuers list. These are authorised banks: Check full list here

Hindustan Times  

FASTags authorised banks: The National Highway Authority of India updated list of authorized banks and non-banking financial companies which can issue FASTags. This comes after the Reserve Bank of India barred Paytm Payments Bank Ltd from certain operations including FASTags citing non-compliance and supervisory concerns. Paytm Payments Bank has been removed from the list of authorised banks for FASTags. Airtel …

Will Paytm wallet users face disruption? What RBI governor Shaktikanta Das said
9 months, 2 weeks ago

Will Paytm wallet users face disruption? What RBI governor Shaktikanta Das said

Hindustan Times  

RBI governor Shaktikanta Das said that as many as 80-85% Paytm wallet users will not face any disruption because of regulatory actions taken by the central bank against the company. Remaining users have been advised to link their apps to other banks, he said, after RBI on January 31 barred Paytm Payments Bank Ltd from accepting deposits, credit transactions or …

After March 15, Paytm wallet to go off Uber
9 months, 2 weeks ago

After March 15, Paytm wallet to go off Uber

Hindustan Times  

Cab aggregator, Uber, has asked its users to discontinue using Paytm wallet while booking rides after March 15 and advised them to switch to other e-payment modes or make payments in cash. “As per a recent direction from the Reserve Bank of India, Paytm users will not be able to top up their wallet after March 15, 2024. Please note …

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 FASTag will not work after March 15. What alternatives are the best for you?
9 months, 4 weeks ago

Paytm FASTag will not work after March 15. What alternatives are the best for you?

Hindustan Times  

Customers using Paytm Payments Bank Limited for FASTags, will have to close their existing FASTags and open new ones after March 15, in line with the Reserve Bank of India's January 31 directive to PPBL – the banking arm of fintech major Paytm – over ‘persistent non-compliances.’ After March 15, 2024, you will not be able to top-up or recharge …

Will @Paytm UPI Work After March 15? Here's What Users Need To Know
9 months, 4 weeks ago

Will @Paytm UPI Work After March 15? Here's What Users Need To Know

News 18  

In January 2024, the Reserve Bank of India imposed restrictions on Paytm Payments Bank due to “persistent non-compliance” with regulations. Third-Party App Provider RBI has asked the NPCI to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle ‘@paytm’ to 4-5 other banks, in a bid to prevent any disruptions in the payment ecosystem. As the …

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 …

Paytm explains what will and what will not work after March 15: All about UPI, Fastag, Wallet and more
10 months ago

Paytm explains what will and what will not work after March 15: All about UPI, Fastag, Wallet and more

India TV News  

It is no secret that Paytm has been facing RBI restrictions in India, which is considered the deadliest ban on Paytm Payments Bank. FASTtag/NCMC Card issued by Paytm Payments Bank: Can we use it after March 15? Yes, you can currently use them by Paytm Payments Bank, but you will not be able to recharge or add money after March …

Paytm explains what will work and what will not after March 15: Wallet, Fastag, UPI questions answered
10 months ago

Paytm explains what will work and what will not after March 15: Wallet, Fastag, UPI questions answered

India Today  

As the deadline for the ban on Paytm Payments Bank has been extended, confusion around whether the UPI service will keep working or not is still there. Can you use FASTtag / NCMC Card issued by Paytm Payments Bank? Yes, you can currently use the FASTag / NCMC Card issued by Paytm Payments Bank. You can either use the amount …

Paytm Fastag Deactivate: How to do it, a step by step guide for you
10 months ago

Paytm Fastag Deactivate: How to do it, a step by step guide for you

Hindustan Times  

Paytm FASTags: Highway users have been asked to buy FASTags from 32 authorised banks and not Paytm Payments Bank after the Reserve Bank of India's directed Paytm to stop accepting deposits and top-ups from any customers after February 29. Paytm FASTag: After March 15, 2024, you will not be able to top-up or recharge your FASTag issued by Paytm Payments …

Lessons to learn from the Paytm Payments Bank mess
10 months ago

Lessons to learn from the Paytm Payments Bank mess

New Indian Express  

When the Reserve Bank of India announced partial suspension of Paytm Payments Bank operations, it evoked criticism that the regulator was high-handed in dealing with a new-age fintech firm. Despite clear indications of non-compliance, the payments bank founded by a first-generation entrepreneur still enjoys sympathy. The Paytm Payments Bank saga is a sordid tale of continued disregard for compliances and …

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown
10 months, 1 week ago

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown

Hindustan Times  

The Reserve Bank of India, soon after extending the deadline to halt operations, issued a list of frequently asked questions for Paytm Payments Bank account holders. After March 15, 2024, you will not be able to deposit money into your account with Paytm Payments Bank. After March 15, 2024, you will not be able to receive any such credits into …

Paytm FASTag holders advised to switch to other banks by March 15| Details
10 months, 1 week ago

Paytm FASTag holders advised to switch to other banks by March 15| Details

India Today  

The Indian Highways Management Company Ltd, which collects tolls for the government on highways, says people should get FASTags from 32 banks, not including Paytm Payments Bank, for easier travel. But the Reserve Bank of India, on Friday, said in its frequently asked questions that people can still use FASTags to pay tolls as long as there's enough money in …

RBI Releases FAQs on Paytm Payments Bank Operations After March 15
10 months, 1 week ago

RBI Releases FAQs on Paytm Payments Bank Operations After March 15

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday issued a list of frequently asked questions on Paytm Payments Bank for the convenience of the customers of the fintech giant which has been banned from onboarding new customers. The RBI in a press statement announced extending the deadline for Paytm Payments Bank to wind down operations by 15 days to March …

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 …

Paytm QR code, card machine to work even after March 15 only if….
10 months, 1 week ago

Paytm QR code, card machine to work even after March 15 only if….

Hindustan Times  

The Reserve Bank of India clarified that the widely used Paytm QR code and Soundbox by merchants will not be affected by its action on Paytm Payments Bank if they are linked to accounts with other banks, it said in a ‘Frequently Asked Questions’ document released on Friday. If the Paytm QR code, Paytm Soundbox is not linked to Paytm …

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 releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags
10 months, 1 week ago

RBI releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags

India Today  

The Reserve Bank of India has announced an extension of the deadline for the operations of Paytm Payments Bank Limited. Wallet services, FASTags, and NCMC cards issued by Paytm Payments Bank can be used until the balance is exhausted, but no top-ups or recharges will be allowed after March 15, 2024. Deposits or transfers into Paytm Payments Bank accounts will …

Paytm crisis: Firm reacts amid reports of ED probing Paytm Payments Bank case
10 months, 1 week ago

Paytm crisis: Firm reacts amid reports of ED probing Paytm Payments Bank case

Hindustan Times  

Fintech company Paytm in an exchange filing clarified about the reports of an investigation by the Enforcement Directorate, saying that no FEMA violation cases have been filed against the company by the probe agency. Paytm denies reports of ED probe against firm One 97 Communications Limited, the parent company of Paytm and Paytm Payments Bank, stated in an exchange filing …

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 Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far
10 months, 1 week ago

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far

News 18  

On Monday, Reserve Bank of India Governor Shaktikanta Das said there was “hardly any room” to review the action taken against Paytm Payments Bank. Asked if the deadline of February 29 would be extended, Das said, “Wait for the FAQ.” “Don’t expect review of RBI’s decision in FAQ. “Just one clarification, this particular action is against Paytm Payments Bank and …

RBI Governor Shaktikanta Das rules out review of action against Paytm Payments Bank
10 months, 1 week ago

RBI Governor Shaktikanta Das rules out review of action against Paytm Payments Bank

The Hindu  

Reserve Bank of India Governor Shaktikanta Das ruled out any review of the central bank's action against Paytm Payments Bank on February 12, saying the decision was taken after a comprehensive assessment of the functioning of the lender. RBI’s action against Paytm Payments Bank While announcing the action against PPBL, the RBI had said the direction follows persistent non-compliances and …

Will RBI review its action against Paytm Payments Bank? Shaktikanta Das says…
10 months, 1 week ago

Will RBI review its action against Paytm Payments Bank? Shaktikanta Das says…

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Monday made it clear that the central bank will not review its action against Paytm Payments Bank, while adding that the action was taken after a comprehensive assessment of the functioning of the lender. Reserve Bank of India Governor Shaktikanta Das ‘Committed to protect the interest of customers’: RBI governor The meeting …

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head
10 months, 2 weeks ago

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head

Hindustan Times  

Fintech firm One97 Communications, which owns Paytm brand, on Friday announced setting up of a group advisory committee headed by former Sebi Chairman M Damodaran, amid its associate payments bank entity facing regulatory action for non-compliance with RBI norms. Among other responsibilities, Damodaran had chaired high-powered committees for the Union government, RBI and was also elected Chairman of the EMC …

RBI on clampdown against Paytm Payments Bank: ‘Persistent non-compliance’
10 months, 2 weeks ago

RBI on clampdown against Paytm Payments Bank: ‘Persistent non-compliance’

Hindustan Times  

The Reserve Bank of India on Thursday said the action against Paytm was taken due to the fintech firm's ‘persisted non-compliance’. “RBI will be issuing a set of FAQs next week to assuage public concerns following the Paytm action,” Das said. Last week, the central bank had barred Paytm Payments Bank from accepting new deposits from February 29. “Withdrawal or …

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 …

Paytm shares rise 5%: Will the recovery last?
10 months, 2 weeks ago

Paytm shares rise 5%: Will the recovery last?

Hindustan Times  

Paytm share price today: Shares of Paytm gained 5 percent on February 6 after it was locked in a lower circuit for three straight sessions following RBI's restrictions on its payments bank business. RBI barred Paytm Payments bank from accepting new deposits and conducting credit transactions after February 29. Large number of small traders, vendors, hawkers and women are making …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

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 …

RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action
10 months, 2 weeks ago

RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action

The Hindu  

Traders' body CAIT on February 4 issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. Large number of small traders, vendors, hawkers and women are making payments through Paytm and as such RBI restrictions on Paytm could lead financial disruption to these people," …

Will you be able to use Paytm services after February 29? Check UPI, wallet and other details
10 months, 3 weeks ago

Will you be able to use Paytm services after February 29? Check UPI, wallet and other details

India TV News  

In response to the Reserve Bank of India's recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29. Paytm Wallet Balances Users can still top up and transfer Paytm wallet balances after February 29, though not through Paytm Payments Bank. Deposits Paytm Payments Bank …

Paytm Payments Bank: A look at previous RBI actions against Paytm subsidiary
10 months, 3 weeks ago

Paytm Payments Bank: A look at previous RBI actions against Paytm subsidiary

Hindustan Times  

Paytm Payments Bank, a wholly-owned subsidiary of fintech major Paytm, has been barred by the Reserve Bank of India from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, and more, after February 29. Representative Image However, this is not for the first time that Paytm Payments Bank, launched in November 2017, finds itself in trouble. …

Paytm shares drop 20% in early trade, day after RBI action on its payment bank
10 months, 3 weeks ago

Paytm shares drop 20% in early trade, day after RBI action on its payment bank

Hindustan Times  

Paytm stocks: Paytm shares dropped 20 per cent in early trade, a day after the Reserve Bank of India ordered its wholly-owned subsidiary Paytm Payments Bank to stop taking deposits from March 1. The Reserve Bank in its order on Wednesday instructed Paytm Payments Bank to cease accepting new deposits without specifying a review timeline for the imposed restrictions. Follow- …

On Paytm Payments Bank curbs by RBI, Ashneer Grover cries ‘doglapan’
10 months, 3 weeks ago

On Paytm Payments Bank curbs by RBI, Ashneer Grover cries ‘doglapan’

Hindustan Times  

Bharat Pe co-founder Ashneer Grover has hit out at the Reserve Bank of India after the central bank barred Paytm Payments Bank from accepting new deposits from February 29. The Reserve Bank on Wednesday directed the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29. “No further deposits or credit …

Congress's 'Chinese link' dig at Modi govt after RBI's Paytm Payments Bank order
10 months, 3 weeks ago

Congress's 'Chinese link' dig at Modi govt after RBI's Paytm Payments Bank order

Hindustan Times  

The Congress said the Reserve Bank of India's directive to Paytm Payments Bank, a wholly owned subsidiary of Paytm, to cease accepting new deposits will have the most significant impact on the common man. In a post on X, Congress general secretary Jairam Ramesh on Wednesday said, “Why has a firm with Chinese links — at one point with 31 …

Is Paytm FASTag ending operations after February 29? Find out here
10 months, 3 weeks ago

Is Paytm FASTag ending operations after February 29? Find out here

India TV News  

Paytm's parent company, One97 Communications, received a setback from the Reserve Bank of India, instructing Paytm Payments Bank to halt major payment services by the end of February due to persistent non-compliance issues. FASTag and UPI ID Each FASTag comes with a unique UPI ID, directly linked to Paytm Payments Bank for Paytm FASTag users. Clarification from Paytm Paytm has …

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 …

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 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 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 …

Paytm Payments Bank to take 'immediate steps' to comply with RBI directions
2 years, 9 months ago

Paytm Payments Bank to take 'immediate steps' to comply with RBI directions

Firstpost  

New Delhi: Paytm Payments Bank on Saturday said it is taking immediate actions to comply with the direction of the Reserve Bank of India which has barred the company from opening new accounts amid “material supervisory concerns”. This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank is facing action from the banking regulator since its inception in …

Paytm Bank barred from adding new customers
2 years, 9 months ago

Paytm Bank barred from adding new customers

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday asked Paytm Payments Bank Ltd to stop onboarding of new customers with immediate effect, citing certain “material supervisory concerns” observed in the bank. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by the RBI after reviewing report of the IT auditors, the …

RBI directs Paytm Payments Bank to stop onboarding new customers
2 years, 9 months ago

RBI directs Paytm Payments Bank to stop onboarding new customers

India Today  

The Reserve Bank of India on Friday directed Paytm Payments Bank Ltd to stop onboarding of new customers with immediate effect. RBI STATEMENT "Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of the IT auditors. Paytm Payments Bank would be able to onboard new customers …

Here's how Paytm's businesses are unaffected by the changes to digital payment charges.
2 years, 10 months ago

Here's how Paytm's businesses are unaffected by the changes to digital payment charges.

India Today  

With the decision by the Reserve Bank of India to release a discussion paper on digital payments, speculation has been rife as to how this will impact digital payments businesses. Certain analyst firms, including foreign brokerage Macquarie, have speculated that regulatory changes may impact Paytm’s businesses. With the payments business accounting for 70% of gross revenues of the digital payments …

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