Flipkart launched Unified Payment Interface (UPI) service in collaboration with Axis Bank. Flipkart UPI service will initially be available for Android users and can be used for online and offline payments. Customers can now pay bills and transfer funds directly from the Flipkart app. Flipkart UPI will compete with other popular third-party UPI apps like…
Paytm: Attention Paytm users! Many services of the company’s main service ‘Paytm Payments Bank Limited’ (PPBL) are being discontinued from today. Last month, the Reserve Bank of India (RBI) had asked Paytm Payments Bank to stop all its services. Now Payments Bank customers will not be able to deposit money in their account. However, the…
The country’s most popular digital payment platform Paytm opened its payments bank for everyone last month. Earlier, Paytm Payments Bank was in beta phase since its launch in May. At the time of launch, users could sign up only through an invite based system. But now, like any other bank account, users can open a…
Paytm launched its payment bank in India on Tuesday. The company published newspapers and its blog post This information was given by issuing a public notice. Paytm Payments Bank has been delayed by several months. But according to the notice, Paytm’s wallet business has been transferred to the company’s new product Paytm Payment Bank Limited…
The Reserve Bank of India (RBI) on January 31, 2024, had barred Paytm Payments Bank (PPBL) from opening new accounts, accepting deposits in pre-existing accounts and completing KYC processes due to some serious deficiencies. After this news came out, there was a sudden stir and many rumors started spreading on social media. However, both Paytm…
RBI has not imposed ban on Paytm Payments Bank just like that. Due to money laundering concerns and suspicious transactions worth hundreds of crores of rupees between Wallet Paytm and Paytm Payments Bank, action has been taken against the leading fintech company. PTI has given this information quoting sources. It is noteworthy that RBI has…
Paytm, one of the leading platforms for digital payments, has been in trouble for some time. After February 29, Paytm Payments Bank along with some of its services are going to be completely banned. However, the company is constantly engaged in negotiations with the government for some concessions. Meanwhile, on Thursday, the country’s central bank…
WhatsApp has been facing criticism for the past several days due to its new privacy policy, due to which the instant messaging platform is facing huge losses. At the same time, now the latest report has revealed that compared to the month of December, people had reduced the use of WhatsApp’s payment feature in the…
The problems of Paytm Payments Bank are continuously increasing. Last month, on January 31, the Reserve Bank of India (RBI) had instructed Paytm Payments Bank to stop all banking services from February 29, 2024. Now the Employees Provident Fund Organization (EPFO) has taken a step forward regarding Paytm Payments Bank and has banned account related…
RBI has tried to resolve the doubts that remain in the minds of users regarding Paytm Payments Bank. The Reserve Bank has released answers to all the questions that any Paytm user may have in his mind regarding Paytm Payments Bank. Apart from this, the deadline of 29th February has now been extended till 15th…
