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.
Paytm
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 to Digitise Government Services in Goa
Fintech Paytm has signed an exclusive memorandum of understanding (MoU) with the Goa government for the digitisation of all its departments
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.
Norway, Finland and New Zealand are closest to becoming cashless
A rapid transition to cashless societies in these three countries is enabled by the increased popularity of digital wallets
Paytm quarterly loss widens 70%
Paytm reports even bigger quarterly loss, aims to reach profitability in 2023
Paytm aims to launch India’s biggest IPO: date unveiled
If the company attains the target IPO target, it will be the largest offer in India
Paytm launched same-day bank settlement facility for businesses
Companies can now settle money transfers without waiting for the next day
Top 10 fintech startups in India
India is home not only to one of the oldest and richest cultures in the world, but also to the best fintech solutions
Starbucks and Paytm announced partnership
Major cities including Mumbai, Gurugram, and New Delhi can welcome the new solution
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