Tag: Paytm wallet

Been receiving notices from ED and other agencies, says Paytm parent

February 14, 2024 admin

A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India. | Photo Credit: AMIT DAVE Amid reports that the Enforcement Directorate (ED) had on Wednesday filed cases against Paytm for alleged FEMA violations, One 97 Communications Ltd., the parent company of Paytm, neither confirmed nor denied the reports and told stock…

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Paytm nears record low, market value down about $2.5 billion since RBI crackdown

February 5, 2024 admin

Paytm. File. | Photo Credit: REUTERS Shares of Indian digital payments firm Paytm slumped 10% to a near record low on Monday, extending a rout from last week triggered by a regulatory crackdown on its banking unit. Paytm has lost about $2.5 billion or about 43% of its market value since the Reserve Bank of…

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RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action

February 4, 2024 admin

Paytm app is seen on a smartphone in this illustration image. File | Photo Credit: Reuters Traders’ body CAIT on February 4 issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. “The Reserve Bank of India has imposed…

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