Tag: paytm payments bank
Paytm focusing on consumer payments business: CEO
Fintech firm Paytm‘s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by…
Paytm parent’s staff costs rise 21% in a challenging year
One 97 Communications (OCL), which runs digital payments platform Paytm, saw its overall employee costs grow 21% to Rs 4,589 crore in 202-24 from Rs…
Paytm Payments Bank releases FAQs on steps to close Paytm FASTag, refund of FASTag balance & more
March 15, 2024 is the last date one can add balance to their Paytm Payments Bank FASTag, as per a Reserve Bank of India (RBI)…
payment payments bank: Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIU
Paytm Payments Bank failed to put in place an internal mechanism to “detect and report” suspicious transactions as stipulated under the anti-money laundering law and…
financial intelligence unit paytm fine: FIU imposes Rs 5.49 crore fine on Paytm Payments Bank for money laundering violation
The finance ministry’s Financial Intelligence Unit-India (FIU-IND) has imposed a fine of Rs 5.49 crore on Paytm Payments Bank for “violating its obligations” under the…
Paytm shares rally 4% on cutting dependency on payments bank
Shares of One 97 Communications today rallied 4% to the day’s high of Rs Rs 420 after Paytm and Paytm Payments Bank mutually agreed to…
paytm bank: One 97 Communications discontinues inter-company agreements with Paytm Payments Bank
Troubled payments company One 97 Communications, which runs Paytm, approved the discontinuation of various inter-company agreements with its payments bank unit, the company said on…
paytm payments bank user complaints: Paytm Payments Bank saw a massive jump in user complaints in FY23
Paytm Payments Bank had seen a sharp jump in customer complaints in the last financial year, much before it came under stringent regulatory action, according…
Paytm: Banks, fintechs eye Paytm’s staff benefits business
Paytm’s imminent exit from the employee benefits market, following the regulatory action against its payments bank and mobile wallet, is set to offer an opportunity…
Paytm crisis: FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict…