April 20, 2024 03:28 (IST)
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Paytm starts migrating its users to PSP banks

Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.

Mutual Funds, foreign portfolio investors increase stake in Paytm

Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.

Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'

New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.

Paytm Payments Bank releases FAQs on FASTag refunds, minimum balance

Mumbai: Paytm Payments Bank Ltd (PPBL), on Friday, released a set of frequently asked questions (FAQs) for its customers, explaining the process for obtaining refunds for security deposits and minimum balances in FASTag accounts, media reports said.

Paytm gets third-party app license from NPCI

New Delhi: Paytm, officially known as One 97 Communications, was granted a third-party application provider license by the Nation's Payments Authority of India (NPCI), media reports said.

Paytm Payments Bank likely to lay off employees amid uncertainty after RBI restrictions: Report

Mumbai: Paytm Payments Bank Limited (PPBL) may cut down its workforce by around 20 percent due to uncertainty about the bank's future, Reuters reported.

Paytm FASTag users must procure tag from another bank by Mar 15: NHAI

New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.

NPCI likely to grant TRAP licencse to Paytm: Report

New Delhi: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, previously known as One 97 Communications, by March 15, media reports said.

85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor

New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.

Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations

Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).

Paytm and PPBL agree to discontinue various inter-company agreement

Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.

Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis

Paytm Monday informed that Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit.

HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business

Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).

Mukesh Ambani's Jio Financial Services enters 2-trillion market cap club

Mumbai: Jio Financial Services, led by Mukesh Ambani, has joined the Rs 2-trillion market cap club, with its shares rising by 10.2% to reach Rs 334 on Friday, media reported.

Paytm installations plunge after RBI restrictions

Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.