RBI Approves FLDG Framework, Paytm and Fintechs Might Benefit
During the first bi-monthly monetary policy meeting for FY23-24, the Reserve Bank of India (RBI) approved the First Loss Default Guarantee (FLDG) framework subject to...
Tag : Paytm Payments Bank
Merchants to Pay 1.1% Charge for Wallet Payments, UPI Payments Remain Free
Starting April 1, The National Payments Corporation of India (NPCI) will levy an interchange fee on Unified Payments Interface (UPI) transactions of more than Rs...
Paytm Launches Upgraded Indigenous Platform, Claims Its 10x Faster
One97 Communications, the parent company of Paytm, has announced the launch of a new technology platform built entirely with indigenous technology. The company claims this...
Paytm UPI LITE Crosses 20 Lakhs Users with More Than 5 Lakh Daily Transactions
On Wednesday, Paytm Payments Bank announced that its Paytm UPI LITE had surpassed 2 million users. The bank has recorded more than 5 lakh daily...
Paytm Shares Rise 5% on Report That Sunil Mittal Considering Taking Stake in Company
Shares of digital financial services firm One97 Communications, which owns Paytm, rose 5% to Rs 655.30 on the BSE in intraday trade on Monday, following...
Paytm Bank Gets RBI Approval to Operate as Bharat Bill Payment Operating Unit
On Monday, Paytm Payments Bank said it had received final approval from the Reserve Bank of India (RBI) to operate as the Bharat Bill Payment...
RBI Asks Paytm to Reapply for Payment Aggregator License in 120 Days
On November 26, Paytm informed exchanges that the Reserve Bank of India (RBI) had asked to Paytm Payment Services (PPSL) to reapply for the payment...
Paytm Payments Bank Expects Central Bank Curbs to be Lifted in Three-Five Months
India’s Paytm payments bank, which facilitates transactions on the mobile commerce platform Paytm, is expected to allow it to resume accepting new customers in the...
Slice Launches UPI In Big Payments Bet as Fintech Moves Beyond Credit
Tiger Global-backed fintech unicorn Slice has launched Unified Payments Interface (UPI) on its platform as it looks to tap into India’s multi-trillion-dollar payments market, an...
Paytm Payments Bank Becomes Acquiring Partner For e-RUPI Service
Paytm Payments Bank announced that it had become an official acquiring partner for the government’s e-RUPI service. The bank has partnered with Paytm parent One97...