Payment services firm Paytm has said that it has received permission to enroll new Unified Payment Interface (UPI) users. National Payments Corporation of India (NPCI) has given green signal to Paytm for this. A few months ago, the banking unit of Paytm was banned by the Reserve Bank of India (RBI). The reason for this…
Tata Consultancy Services (TCS), one of the big software companies, has decided to link the salary increase and variable payments to its employees with the rules related to working from office. Heads of units in the company have told their teams that the grades required for promotion will be based on their working from the…
Payments services provider Paytm has terminated some agreements with its payments bank unit. Reserve Bank of India (RBI) has ordered the closure of this unit of Paytm. This decision was taken due to apprehensions regarding compliance. After this order of RBI, there was a huge fall in the shares of Paytm. According to Reuters report,…
Recently, the banking unit of payment services company Paytm was ordered by the Reserve Bank of India (RBI) to shut down operations due to compliance violations. This increased the apprehensions of the fintech industry. RBI has given assurance regarding this industry. RBI Governor, Shaktikanta Das said that the action taken on Paytm Payments Bank (PPBL)…
Paytm, which is associated with payment services, has planned to lay off about 20 percent of the workers in its banking unit. The Reserve Bank of India (RBI) has ordered Paytm Payments Bank to cease operations from March 15. For this reason it has been decided to make layoffs from this unit. This layoff will…
Messaging service WhatsApp has banned about 26.85 lakh accounts in India in September. Of these, 8.72 lakh have been banned by the company before receiving complaints from users. The number of accounts blocked by WhatsApp is approximately 15 percent more compared to August. Meta’s unit WhatsApp, which runs social media site Facebook, had banned 23.28…
Paytm, which deals with financial services, may soon lay off workers. The company has said that it will cut its non-core assets. In the fourth quarter of the last financial year, the revenue of One 97 Communications, which runs Paytm, declined by 2.6 percent for the first time since its listing. The company’s revenue was…
Messaging service WhatsApp has banned more than 45 lakh accounts in India in February. WhatsApp had banned 29 lakh accounts in January. In February, more than 12 lakh WhatsApp accounts were banned before any report was received from users. In the monthly report released by Meta-owned WhatsApp, it has been said that 45,97,400 WhatsApp accounts…