PayTM
- Business
Financial Intelligence Unit slaps Rs 5.49 cr penalty on Paytm Payments Bank
New Delhi: The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd for violations of money laundering prevention rules, the Union Finance Ministry said…
- Business
Paytm, Paytm Payments Bank to discontinue inter-company pacts
New Delhi: Amid RBI’s action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies. The…
- Business
RBI action on Paytm Bank has drawn fintechs’ attention to compliance: Chandrasekhar
New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The…
- India
Paytm takes Axis Bank’s help for QR, Soundbox & card machine functioning
New Delhi: Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm…
- India
Paytm Payments Bank: RBI extends deadline till Mar 15 to stop transactions
Mumbai: The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and…
- India
Govt examining FDI flow from China in Paytm Payments Services
New Delhi: The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said. In November 2020, PPSL had…
- News
Paytm shares rebound after three days of heavy fall
New Delhi: Shares of One97 Communications Ltd, which owns the Paytm brand, rebounded on Tuesday after three days of sharp fall. The stock jumped 7.79 per cent to Rs 472.50 during the…
- India
Paytm working with other banks to continue UPI services on app
New Delhi: UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the…
- India
Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down on…
- Business
Here are reasons behind RBI’s clampdown on Paytm payments bank
New Delhi: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led Reserve Bank of India to clamp down…
- Business
Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma
New Delhi: Digital payments and services app Paytm is working and will continue to work as usual even after February 29, its CEO Vijay Shekhar Sharma said on Friday. The founder and…
- India
Paytm shares slump 20 pc; hit lower circuit limit
New Delhi: Shares of One97 Communications Ltd, which owns Paytm brand, plummeted 20 per cent on Thursday as the RBI directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups…
- Business
RBI stops Paytm Payments Bank from accepting deposits after Feb 29
Mumbai: The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The Reserve…
- News
Paytm Republic Day Festival offer: Get cashback of up to Rs 500, win an iPhone 15
New Delhi: One97 Communications Limited (OCL), that owns the leading payments and financial services company Paytm, on Friday announced an offer with the theme, titled ‘Paytm Republic Day Festival’. With this, users…
- News
SoftBank sells another 2% stake in Paytm, offloads Rs 3,800 cr worth shares in FY24
New Delhi: Japanese investment giant SoftBank has sold an additional 2 per cent stake in Paytm’s parent company, One97 Communications, over the last month through open market operations, a media report said…
