The use of Unified Payment Interface (UPI) service has increased rapidly in the last few years in the country. It is expanding abroad also. In this series, UPI service will be launched in Sri Lanka and Mauritius on Monday. Along with this, RuPay card service will also be introduced in Mauritius. On the occasion of…
The number of fintech companies has increased rapidly in the last few years. Recently, the Reserve Bank of India (RBI) had banned the functioning of Paytm Payments Bank. This has shocked the investors associated with this sector. However, RBI says that it does not plan to make strict rules for this sector. Bloomberg’s report quoted…
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)…