Paytm

Traders' body CAIT asks Paytm merchants to switch to other payment apps after RBI ban

Paytm 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

SBI comes forward to rescue Paytm customers, says 'will act on RBI direction'

The direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.

Paytm Bank: Money laundering concerns, KYC non-compliance led to ban on PPBL by RBI

Paytm 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.

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

The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.

'Paytm will keep working beyond February 29', says Vijay Shekhar Sharma after RBI announces curbs

Vijay 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.

Paytm Payments Bank reassures safety of existing balances after RBI restrictions

Paytm 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.

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

Paytm 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.

Paytm expects to lose Rs 300-500 crore after RBI action on its payments bank

Paytm 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.

Paytm Payments Bank faces RBI action, can't offer services after February 29

The 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.

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent

One 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.

India, Sri Lanka discuss UPI payment system's early launch

PM 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.

NPCI's Deadline: Save your UPI ID from deactivation by this date | Key points to remember

NPCI 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.

Paytm records Rs 912 crore surge in merchant transactions in Q2FY24

A 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.

Paytm fires several employees, claims report: What is the number and why?

To 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.

Paytm increases loan offerings with higher amounts for consumers and merchants | Deets

Paytm 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.

Is Google Pay charging convenience fees on mobile recharges? Here's all you need to know

Wondering if Google Pay now adds fees for mobile recharges? Here's the scoop on everything you need to know.

NPCI directs Google Pay, Paytm, PhonePe, and others to deactivate these UPI IDs by this date

The National Payments Corporation of India (NPCI) has instructed apps like Google Pay, Paytm, and PhonePe to deactivate inactive UPI IDs and numbers by December 31.

Paytm Diwali offer: Travel discounts, free cancellations, a 100% refund policy on train and bus

Delhi Metro commuters can book QR-based tickets using Paytm app now

Delhi Metro: On October 5, Delhi Metro Rail Corporation announced the expansion of its innovative WhatsApp-based ticketing system to all lines, covering Delhi NCR, including the Gurugram Rapid Metro in collaboration with Meta and their authorised partner Pelocal Fintech Private Limited.

'Paytm Se ONDC Network' offers up to Rs 150 off and free delivery

Paytm has reported a significant boost in its Ganesh Chaturthi sales by offering special discounts on the Paytm se ONDC Network. According to the company, users can enjoy discounts of up to 40% on products from more than twenty popular merchants in the country