Articles for Payments Bank

Merchant network at the core of Fino’s small finance bank bid
3 days, 22 hours ago

Merchant network at the core of Fino’s small finance bank bid

Live Mint  

Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank. Rishi Gupta, managing director and chief executive of Fino Payments Bank, said in an interview that a significant portion of …

Finance Payments Bank Rbi Small Gupta Merchants
Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000
Trending News
2 weeks, 5 days ago

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000

Op India  

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000. As per the new rules introduced today, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction. “The offline framework has been updated and the enhanced limits for …

India Payment Rbi Upi Lite Upi Lite Transaction Limits
EPFO pensioners to get payments from any bank, branch
3 months, 2 weeks ago

EPFO pensioners to get payments from any bank, branch

The Hindu  

The Union Labour Ministry has cleared a proposal for Centralised Pension Payment System for about 78 lakh pensioners under the Employees’ Pension Scheme, 1995. Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, Employees Provident Fund Organisation, Mansukh Mandaviya, said the approval of the CPPS marks a significant milestone in modernisation of the EPFO. “By enabling pensioners …

Epfo Pensioners
Paytm gets government nod for investment in payments arm: Details
3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

India Services Payments Bank Paytm
India central bank asks banks to push direct rupee-dirham settlement, sources say
4 months, 1 week ago

India central bank asks banks to push direct rupee-dirham settlement, sources say

Hindustan Times  

By Nimesh Vora and Jaspreet Kalra India central bank asks banks to push direct rupee-dirham settlement, sources say MUMBAI, - The Indian central bank has told banks that deal with the United Arab Emirates to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking sources. In addition to pushing for …

India Trade Indian Bank Rbi Banks Sources
China's seamless mobile payment enhances travel experience for foreign visitors
5 months ago

China's seamless mobile payment enhances travel experience for foreign visitors

China Daily  

Xinhua| Updated :2024-07-23 DALIAN - When Jennifer Meriot, a graphic designer from France, returned to Dalian in Northeast China's Liaoning province after five years, she was pleasantly surprised by how seamless mobile payments had become for international travelers. In Dalian, 14,300 businesses now accept payment through overseas bank cards, doubling the number from February this year and covering major areas …

International China Bank Pay Payment International Visitors Mobile Payment
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 …

Bank Paytm Wallet Paytm Payments Bank
Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

India Bank Sharma Upi Transactions Paytm Payments Bank Rbi Crackdown Rbi Crackdown Paytm
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 …

Bank Card Continue Upi Paytm Payments Bank Paytm App Paytm Payments
Top news of the day: April 09, 2024
8 months, 2 weeks ago

Top news of the day: April 09, 2024

The Hindu  

Lok Sabha elections 2024 | PM Modi begins roadshow in Chennai’s Panagal Park Prime Minister Narendra Modi on April 9 took out a roadshow in Chennai’s T Nagar locality, ahead of the April 19 Lok Sabha polls in Tamil Nadu. West Bengal Police issues summons to NIA officer in Bhupatinagar attack case West Bengal Police on April 9 issued summons …

China Delhi Russia Supreme Court Japan Court Chennai
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, …

Payments Paytm Paytm Payments Bank Survives Banking Unit Shutdown
Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do
9 months, 1 week ago

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do

Hindustan Times  

Paytm UPI: National Payments Corporation of India gave One97 Communications Limited- Paytm's parent company- approval to be a third-party app on UPI platform. Following this, Yes Bank and Axis Bank went live on Paytm app using which users can create new handles. Paytm UPI: RBI's deadline for Paytm Payments Bank Limited to stop all banking operations ends today. New users …

Payments Bank Hdfc Paytm Sbi Upi Paytm Upi Paytm Payments Bank Limited
A guide on how to close Paytm Payments Bank FASTag in easy steps
9 months, 1 week ago

A guide on how to close Paytm Payments Bank FASTag in easy steps

India TV News  

As per the guidelines issued by the Reserve Bank of India regarding restrictions on Paytm Payments Bank, users of Paytm FASTag will not be able to top up or add to their balance after midnight on Friday. Those who wish to close the Paytm Payments Bank FASTag can do it via the Paytm App. If you also want to close …

Payments Bank Close Easy Steps Fastag Paytm Payments Bank Paytm App
Where To Buy FASTag? Check Full List Of NHAI-Authorised Issuers
9 months, 1 week ago

Where To Buy FASTag? Check Full List Of NHAI-Authorised Issuers

News 18  

After the Reserve Bank of India ordered the closure of Paytm Payments Bank owing to non-compliance and supervisory concerns, the National Highway Authority of India removed Paytm Payments Bank Ltd from its list of FASTag issuing NBFCs and banks. The NBFCs and banks listed on the revised list of FASTag issuers approved by the NHAI are Airtel Payments Bank, Allahabad …

India Bank List Rbi Nhai Paytm Fastag
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 …

India Bank Rbi Banks Fastag Paytm Payments Bank Fastags
Paytm Payments Bank removed from FASTag issuers list | Check full list of NHAI-authorized banks
9 months, 1 week ago

Paytm Payments Bank removed from FASTag issuers list | Check full list of NHAI-authorized banks

India TV News  

FASTags authorised banks: The National Highway Authority of India has updated the list of authorized banks and non-banking financial companies which can issue FASTags. The revised list does not include Paytm Payments Bank has been removed from the list of authorised banks for FASTags. The Reserve Bank of India has prohibited Paytm Payments Bank Ltd from conducting certain operations, including …

Payments Bank List Rbi Banks Paytm Toll
How to check Paytm FASTag status: Why you must close before March 15
9 months, 2 weeks ago

How to check Paytm FASTag status: Why you must close before March 15

Hindustan Times  

Paytm FASTag: The Reserve Bank of India barred Paytm Payments Bank from accepting new clients as after March 15, 2024 no customer accounts, prepaid cards, Paytm Wallets, FASTags, NCMC cards are allowed to accept deposits, credit transactions, top-ups as per the central bank. If you do not have any balance amount in FASTag, you should close your Paytm FASTag before …

Bank Close Paytm Payments Bank Paytm Fastag Your Paytm Fastag
FASTag KYC, Paytm Payments Bank To Aadhaar Updation, 6 Money Deadlines You Can’t Miss In March
9 months, 2 weeks ago

FASTag KYC, Paytm Payments Bank To Aadhaar Updation, 6 Money Deadlines You Can’t Miss In March

News 18  

March 2024 brings a flurry of crucial financial and administrative deadlines. Notably, Paytm Payments Bank customers have until the 15th to transfer their funds to other accounts, while free Aadhaar updates cease on the 14th, incurring fees thereafter. March 15 Paytm Payments Bank deadline: Customers of Paytm Payments Bank need to transfer their assets to another bank by this date. …

Tax Bank Itr Deadline Paytm Paytm Payments Bank
Finance Ministry’s Financial Intelligence Unit imposes ₹5.49 crore fine on Paytm Payments Bank for PMLA lapses
9 months, 3 weeks ago

Finance Ministry’s Financial Intelligence Unit imposes ₹5.49 crore fine on Paytm Payments Bank for PMLA lapses

The Hindu  

The Financial Intelligence Unit-India under the Union Finance Ministry has slapped a ₹5.49 crore penalty on Paytm Payments Bank Limited for violations of the Prevention of Money Laundering Act, after finding substantial proof of money generated from illegal activity being routed through accounts held by some entities with the bank. proceeds of crime were routed and channelled through bank accounts …

Payments Bank Pmla Paytm Fiu Paytm Payments Bank Ppbl
Financial Intelligence Unit Imposes Rs 5.49-Crore Fine On Paytm Payments Bank For Violating PMLA Norms
9 months, 3 weeks ago

Financial Intelligence Unit Imposes Rs 5.49-Crore Fine On Paytm Payments Bank For Violating PMLA Norms

ABP News  

In a latest development, the Financial Intelligence Unit-India on Friday took a decisive action against Paytm Payments Bank Ltd for violations under the Prevention of Money Laundering Act, 2002. The investigation into Paytm Payments Bank Ltd was initiated by FIU-IND following specific intelligence received from law enforcement agencies regarding illicit activities conducted by certain entities. These activities included facilitating online …

Payments Bank Pmla Paytm Paytm Payments Bank Imposes Rs Paytm Payments Bank Ltd
Paytm Payments Bank fined ₹5.49 crore for money laundering
9 months, 3 weeks ago

Paytm Payments Bank fined ₹5.49 crore for money laundering

Hindustan Times  

Financial Intelligence Unit on Friday imposed ₹5.49 crore penalty on Paytm Payments Bank for money laundering, PTI quoted the ministry of finance as saying. has imposed a monetary penalty of ₹5.49 crore on Paytm Payments Bank Ltd with reference to the violations of its obligations under the PMLA," the ministry said in a statement. A Paytm Payments Bank spokesperson said,"The …

Money Laundering Payments Bank Paytm Fiu Vijay Shekhar Sharma Paytm Payments Bank
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 …

Payments Bank Company Paytm Payments Bank Crackdown Paytm 97 Communications Communications Limited
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 …

Rbi Accounts Paytm Kyc Paytm Payments Bank Bank Ppbl
GST rule change, FASTag deactivation among key financial changes in March 2024 | Check list
9 months, 3 weeks ago

GST rule change, FASTag deactivation among key financial changes in March 2024 | Check list

India TV News  

Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. Let’s take a look at key changes taking place from March 1, 2024 GST rule change Those businesses whose turnover surpasses Rs 5 crore mark will have to include e-invoice details …

Bank 2024 Fastag Paytm Payments Bank Key Financial