June 16, 2024 11:11 (IST)
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After his 'Lord Ram' taunt on BJP creates uproar, RSS leader makes a U-turn | NDA govt formed by mistake, can fall anytime: Congress chief Mallikarjun Kharge's claim | PM Modi returns to India after 'successful completion of G7 Outreach Summit' in Italy | Delhi LG approves prosecution of Arundhati Roy, Sheikh Showkat Hussain in 2010 provocative speech case | BS Yediyurappa, accused of harassing minor, can't be arrested till next hearing: Karnataka HC

Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts

New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.

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 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.

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).

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).

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.