Tag: Paytm
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Paytm Collaborates With Axis Bank, Paytm QR; Soundbox Will Keep Working
Paytm Payments Bank, a part of the Paytm company, has faced regulatory action from the Reserve Bank of India (RBI) due to non-compliance with regulations. The RBI initially ordered the bank to stop accepting new deposits by February 29, which was later extended to March 15. Paytm has shifted its nodal account to Axis Bank ... -
Paytm Lose ₹26,000 Crore In 10 Days After RBI’s Ban On Paytm Payments Bank
Paytm, a popular digital payment platform in India, has been facing significant challenges recently. The Reserve Bank of India (RBI) has banned Paytm Payments Bank from opening new customer accounts due to regulatory violations. Paytm Payments Bank is a subsidiary of Paytm. This has caused a loss of approximately Rs 26,000 crore in the company’s ... -
RBI’s Restrictions On Paytm: What Happens To Your Money Now?
The Reserve Bank of India (RBI) recently placed significant restrictions on Paytm Payments Bank. The central bank’s directive stops the bank from accepting deposits or adding money to customer accounts, wallets, FASTags, and other Paytm instruments after February 29, 2024. This action is due to persistent issues with the bank’s operations and failures to comply ... -
Paytm CEO Buys 10.3% Stake From Ant Group, Becomes Largest Shareholder
Paytm’s founder and CEO, Vijay Shekhar Sharma, is purchasing a 10.30% stake in the company from Antfin (Netherlands) Holding BV, the parent company of China’s Ant Group. The deal is valued at $628 million, and it will be executed through a Netherlands-based entity owned by Sharma called Resilient Asset Management. After the transaction, Sharma’s total ... -
Why Did Paytm Put QR Codes Outside Of Badrinath And Kedarnath Temples?
A police case filed against Paytm as it put QR codes outside of Badrinath & Kedarnath temples. But Paytm explained that they already had an agreement in 2018. Paytm has issued an explanation for putting QR codes for donations outside the gates of Badrinath and Kedarnath temples to BKTC. According to Paytm, the boards with ... -
Are ‘Airtel Payments Bank’ And ‘Paytm Payments Bank’ To Merge?
Sunil Mittal is seeking a stake in Paytm. Reports say, he is planning to merge Airtel Payments Bank into Paytm Payments Bank. The talks are at an early stage. Sunil Mittal, a billionaire telecom tycoon, seeks to acquire a portion of Paytm. Sunil Mittal reportedly wanted to merge Airtel Payments Bank with Paytm Payments Bank ... -
Row erupts when Google pulls Paytm from its Play Store after alleged violations and brings it back
The IPL has been the most famous platform for fantasy gaming companies to increase their customers. However, Google’s unexpected move came when cricket fans were eagerly waiting for the Indian Premium League (IPL) to begin from 19 Sept. A huge row erupts on Friday as Google Play pulls the biggest online payment application Paytm on ...
