Workers have been laid off from One97 Communications, Paytm’s payment services company. Earlier this year, the Reserve Bank of India (RBI) had ordered the closure of Paytm’s banking unit. Since then the company is facing difficulties. There has also been a huge fall in the share price of Paytm. One97 Communications has said in a…
The Reserve Bank of India (RBI) has taken action against Paytm Payments Bank Limited. It has been banned from accepting any new deposits and making credit transactions. After February 29, Paytm Payments Bank will not be able to provide banking services to its customers. Ever since this news has come out, many people are confused….
Paytm: Paytm users, please note! Many services of the company’s flagship service ‘Paytm Payments Bank Limited’ (PPBL) are being shut down from today. Last month, the Reserve Bank of India (RBI) had asked Paytm Payments Bank to shut down all its services. Now, Payments Bank customers will not be able to deposit money in their…
Zomato, which provides food delivery service through the app, has said that it will buy the movie and events ticketing business of digital payments company Paytm for $244.2 million (about Rs 2,049 crore). Zomato plans to expand its ticketing business. This will increase Zomato’s presence in the online ticketing market for movies and live events….
The scope of Unified Payments Interface (UPI) has grown rapidly in the country in the last few years. It is also being expanded abroad. The National Payments Corporation of India (NPCI) has launched the UPI One World Wallet service for non-resident Indians (NRIs) and international travelers visiting the country. This will allow travelers who do…
The trial of the country’s digital rupee or e-rupee is progressing rapidly. 50 lakh users have joined it. The trial of digital rupee is being done in collaboration with 16 banks. This Central Bank Digital Currency (CBDC) was launched in December 2022. CBDC is also being trialled in some other countries. Reserve Bank of India…
Markets regulator SEBI has issued a show cause notice to the founder and other board members of financial services company Paytm for alleged irregularities in the company’s initial public offering (IPO) launched about three years ago. In this notice, a reply has been sought for giving incorrect information of facts. Paytm founder Vijay Shekhar Sharma…