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Paytm Payments Bank’s parent is One 97 Communications. The board of India’s Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. “I, personally or anyone from OCL, have no connection with the payments bank,”…
Paytm app will keep running even after March 15. Paytm, a major player in India’s fintech scene, is facing a setback as its banking arm, Paytm Payments Bank Ltd (PPBL), is stopping key services from today. This comes after the Reserve Bank of India imposed restrictions on the bank, citing serious rule violations. Customers relying on…
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Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country’s payments authority, came as Paytm Payments Bank will cease…
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This comes after its banking arm Paytm Payments Bank, ceases operations by March 15. -Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country’s payments authority, which will enable it to facilitate payments after its banking unit ceases operations. The license will…
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Mr Sharma owns a 51 per cent stake in Paytm Payments Bank. New Delhi: Paytm CEO Vijay Shekhar Sharma on Monday resigned as non-executive chairman and board member of Paytm Payments Bank, amid ongoing regulatory challenges faced by the digital payments giant. The decision follows a series of measures imposed by the Reserve Bank of…
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Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…
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A set of newly identified banks will need to back the Paytm app. The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India to examine a request from Paytm, formally known as One 97 Communications, to become a third party application provider (TPAP). If approved, this would allow…
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The Reserve Bank of India is looking at ways to ensure Paytm customers can make seamless digital payments using the app after March 15, 2024. File | Photo Credit: Reuters The Reserve Bank of India (RBI) said the National Payments Corporation of India (NPCI) has been asked to examine the possibility of it becoming a third-party…
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The Paytm scrip has rebounded since Friday and gained more than 21% from Thursday’s closing level of ₹325 | Photo Credit: Reuters Shares of One97 Communications which owns Paytm brand hit the upper circuit for the fourth consecutive session on February 21. The stock of the fintech major climbed 5% each to ₹395.25 and ₹395.05…
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File. | Photo Credit: Reuters Shares of Paytm’s parent firm One97 Communications rallied 5% and touched upper circuit for the third straight session on February 20. According to reports, the Directorate of Enforcement (ED), which has been probing One97 Communications’ arm Paytm Payments Bank Ltd (PPBL), has not found any breaches of the foreign exchange…
Read More “At ₹376, Paytm shares hit upper circuit for third straight session” »