Paytm articles
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Paytm Payments Bank board is independent, Paytm CEO Sharma says
The board of Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. I, personally or anyone from OCL, have no connection with the payments bank, Vijay Shekhar Sharma said at a webinar. There is an independent board taking care of everything and we have full faith in their capability. The Reserve Bank of India (RBI) in late January had...
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Paytm Begins User Migration to PSP Banks Post-NPCI Approval
One97 communications, parent to Paytm, said it has “started transitioning ‘@paytm’ handles to the new Payment System Provider (PSP) banks.
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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...