Paytm
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Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
Business | Feb 06, 2024, 12:08 PM ISTThe stock plummeted by over 42 per cent over the past three days, resulting in a loss of Rs 20,471.25 crore in market valuation.
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UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
Business | Feb 06, 2024, 07:01 AM ISTPaytm is actively collaborating with other banks to implement necessary changes in the backend for the continuity of its services.
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Paytm terms reports of ED probe, foreign exchange rule violation as ‘misleading and baseless’ | READ
Business | Feb 05, 2024, 11:16 PM ISTThe development comes amid speculations over the company’s operations following Reserve Bank of India’s action against its associate Paytm Payments Bank. The Payments bank was asked to stop key operations from March 1 due to non-compliance.
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Explained: How RBI restrictions on Paytm Payments Bank will impact customers
Business | Feb 05, 2024, 10:44 AM ISTThe central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.
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Company, CEO Vijay Shekhar Sharma not being investigated by ED for money laundering: Paytm
Budget | Feb 05, 2024, 07:16 AM ISTThe RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
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Traders' body CAIT asks Paytm merchants to switch to other payment apps after RBI ban
Business | Feb 04, 2024, 05:22 PM ISTPaytm Payments Bank: The central bank has ordered Paytm Payments Bank Ltd to halt most of its business including taking further deposits, conducting credit transactions and carrying out top-ups on any customer accounts, prepaid instruments, wallets, and cards for paying road tolls after Feb 29
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SBI comes forward to rescue Paytm customers, says 'will act on RBI direction'
Business | Feb 04, 2024, 01:06 PM ISTThe direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.
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Paytm Bank: Money laundering concerns, KYC non-compliance led to ban on PPBL by RBI
Business | Feb 03, 2024, 06:33 PM ISTPaytm Payments Bank: Sources said RBI in 2021 detected serious KYC Anti Money Laundering violations and the bank was directed to address these deficiencies. However, they continued to persist. The compliances submitted by the bank were found to be incomplete and false on many occasions.
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Will you be able to use Paytm services after February 29? Check UPI, wallet and other details
Business | Feb 02, 2024, 01:14 PM ISTThe RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
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'Paytm will keep working beyond February 29', says Vijay Shekhar Sharma after RBI announces curbs
Business | Feb 02, 2024, 01:14 PM ISTVijay Shekhar Sharma stated in a blog post that Paytm's app will continue to function normally beyond February 29 for existing users to withdraw funds.
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Paytm Payments Bank reassures safety of existing balances after RBI restrictions
Business | Feb 02, 2024, 08:59 AM ISTPaytm Payments Bank Limited is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.
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Is Paytm FASTag ending operations after February 29? Find out here
Technology | Feb 01, 2024, 04:26 PM ISTPaytm faces a directive from the RBI to stop major payment services, causing concerns for FASTag users; while services continue normally until February 29, Paytm is working on solutions for a seamless customer experience. Here are the details.
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Paytm expects to lose Rs 300-500 crore after RBI action on its payments bank
Business | Feb 01, 2024, 10:06 AM ISTPaytm Payments Bank is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more after February 29, 2024.
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Paytm Payments Bank faces RBI action, can't offer services after February 29
Business | Jan 31, 2024, 06:37 PM ISTThe RBI said that customers are permitted to withdraw or utilise balances from their accounts, including savings bank accounts, current accounts, prepaid instruments, FASTags, and National Common Mobility Cards.
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Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent
Business | Jan 19, 2024, 06:08 PM ISTOne 97 Communications' consolidated revenue for the quarter rose by 38 per cent, reaching Rs 2,851 crore compared to Rs 2,062 crore in the same period a year earlier.
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India, Sri Lanka discuss UPI payment system's early launch
Business | Jan 09, 2024, 10:55 PM ISTPM Narendra Modi and Sri Lankan President Ranil Wickremesinghe signed an agreement in 2023 on Unified Payments Interface acceptance in Sri Lanka during Wickremesinghe's two-day visit to India.
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NPCI's Deadline: Save your UPI ID from deactivation by this date | Key points to remember
Technology | Dec 29, 2023, 04:32 PM ISTNPCI has set a deadline of December 31 to deactivate inactive UPI IDs, urging users to check and update their linked mobile numbers to prevent unintended fund transfers and enhance digital payment security.
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Paytm records Rs 912 crore surge in merchant transactions in Q2FY24
Technology | Dec 27, 2023, 09:37 PM ISTA spokesperson for Paytm, known for pioneering QR codes, soundbox, and mobile payments in India, has emphasized the widespread acceptance of Paytm, with increased adoption among both merchants and consumers.
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Paytm fires several employees, claims report: What is the number and why?
Technology | Dec 25, 2023, 02:49 PM ISTTo achieve EBITDA-level profitability, Paytm has reportedly generated free cash for the past two quarters. The company's leadership further anticipates that this trajectory will persist, and further emphasizes the potential of AI-driven initiatives to contribute to sustained financial success.
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Paytm increases loan offerings with higher amounts for consumers and merchants | Deets
Technology | Dec 06, 2023, 06:01 PM ISTPaytm has continued focusing on merchant loans that are lent to MSMEs as business loans. These loans are extended for business purposes to support small merchants, they remain unaffected by the recent regulatory guidance.