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 …
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. …
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 …
