Paytm Payments Bank board is independent, Paytm CEO Sharma says
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Paytm Payments Bank’s wallet business fading fast as restrictions bite
The regulatory action on Paytm Payments Bank has brought the mobile wallet business of the entity, one of its most popular offerings, to a grinding halt. While it cannot add new customers as per the Reserve Bank of India diktat, transactions on the platform have fallen drastically over the last three months as consumers slowly move out of Paytm Payments Bank’s wallet ecosystem.According to data released by the RBI, Paytm Payments Bank reported 7.4 million fund transfer transactions in its...
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Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles up to 10,000 transactions per second at any given time; and enables five times faster access to UPI innovations for business, Razorpay said in a Wednesday (April 24) press release. “This […]
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Paramount CEO Bob Bakish resigns amid merger talks
Paramount Global CEO Bob Bakish is stepping down and will be replaced by three executives, the company said today as it reported quarterly earnings that beat Wall Street expectations.