paytm payments bank

How to Deactivate and Replace Paytm Fastag with Another Bank? Here’s a Step-by-Step Guide

The National Highway Authority of India (NHAI) has removed Paytm Payments Bank Ltd (PPBL) from its list of authorized Fastag providers. This decision reduces the list to 32 banks, and NHAI advises users to purchase Fastags only from banks on the authorized list. Paytm's Fastags will cease to function after...

RBI Clarifies on Paytm Payments Bank: Highlights Data Privacy, Not Tougher Fintech Rules !

The Reserve Bank of India (RBI) is assuring the fintech sector, especially after recent events involving Paytm Payments Bank. P. Vasudevan, an executive director at the RBI, clarified to Bloomberg that the central bank is more concerned about data privacy than imposing tough rules. Despite worries about regulatory actions against...

Paytm Transfers Nodal Account to Axis Bank, RBI Extends Unit Shutdown Deadline to March 15

Paytm Payments Bank, a subsidiary of One 97 Communications (OCL) and a prominent player in India's digital banking sphere, has received an extension from the Reserve Bank of India (RBI) to wind down its operations, with a new deadline set for March 15. This comes amidst regulatory scrutiny and efforts...

Paytm founder dispels rumors: QR, Soundbox, EDC operational post-March 15.

In a recent development, CEO Vijay Shekhar Sharma of Paytm has assured users that essential services such as Paytm QR, Soundbox, and EDC (Electronic Data Capture) will remain operational beyond March 15, 2024. This affirmation, communicated through a tweet, references point 21 of the RBI FAQs released on February 16,...

Paytm bets big on AI, saves on employee costs to drive efficiency

Indian mobile payments pioneer Paytm has its eyes set on Artificial Intelligence to not just innovate faster but also streamline its workforce.The company which introduced India to mobile payments, is building an India-scale AI system that will help various financial institutes in capturing possible risks and frauds, while also protecting...

Alibaba exiting India? Paytm-owned stocks seeing selloff

Paytm's stock dropped sharply on Thursday following a block sale in which 259,930 shares were sold. The shares were sold for Rs 535.90, amounting to Rs 13.93 crore. According to sources, Chinese conglomerate Alibaba is behind the block offer, selling around 3.1% of its overall stock of approximately 6%. According...