Paytm Reportedly Gets India’s Nod to Invest in Payments Arm
Indian-beleaguered Paytm has received approval to invest 500 million rupees ($6 million) in a key subsidiary.
Paytm
Paytm to Be Third-Party UPI Provider
Despite the ban placed on Paytm Bank, One97 Communications, the parent firm of Paytm, received approval to become a third-party service provider on the country’s Unified Payments Interface (UPI) infrastructure.
Numerous Paytm Bank Accounts Suspected of Money Laundering
Along with banning Paytm Payments Bank from all forms of banking services, the Reserve Bank of India (RBI) has passed information about thousands of suspicious bank accounts to the country’s financial crime-fighting agency.
RBI Puts Restrictions on Paytm Bank
The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.
How AI Redefines Travel Experience
Travel volumes returned to pre-pandemic levels this year despite rising living costs. For travel industry enterprises, it means no longer worrying about demand and starting to implement innovations. Artificial intelligence (AI) is one of the most promising technologies of today that may redefine the travel experience for all stakeholders.
Paytm Reports 32% Revenue Growth
Paytm Q2FY24 quarter earnings showed robust revenue growth led by higher subscription revenue and an uptick in the loan distribution business.
Paytm Launches 4G Soundbox Payment Device
Paytm Soundbox audio confirmation solution now comes in 4G to boost the payment acceptance experience for merchants in India
Paytm to Reapply for Payment Aggregator Licence
Indian fintech Paytm is allowed by the country’s banking regulator to reapply for a payment aggregator licence after having the first one denied
Alibaba Sells Stake in Paytm
Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.
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