Paytm Payments Bank has released a detailed FAQ on their website in light of the new directive that comes into force on March 15, concerning the acceptance of new deposits. The bank has provided clarity especially on the usage and management of FASTags issued by them, in compliance with the Reserve Bank of India‘s (RBI)…
Paytm share price today: Shares of One97 Communications witnessed a significant jump of 5% to Rs 370.90 on the Bombay Stock Exchange on Friday. This follows the announcement that the National Payments Corporation of India (NPCI) has granted approval to Paytm to operate as a Third-Party Application Provider (TPAP) under the multi-bank model for UPI…
Paytm Payments Bank FASTag: The Reserve Bank of India (RBI) has banned Paytm Payments Bank (PPBL) from taking on new clients for different services. After March 15, no new deposits, credit transactions, or top-ups will be accepted for customer accounts, prepaid cards, Paytm Wallets, FASTags, NCMC cards, etc.The National Highways Authority of India (NHAI) suggests…
NEW DELHI: Shares of Paytm‘s parent company, One97 Communication, hit upper circuit on Friday following National Payments Corporation of India (NPCI) approval to join UPI as a Third-Party Application Provider (TPAP) under a multi-bank model.Paytm shares surged nearly 5% or 17.65 points to 370.70 from its previous close of 353.05. Paytm will collaborate with Axis…
Paytm Payments Bank crisis: The Reserve Bank of India (RBI) imposed business limitations on Paytm Payments Bank Ltd (PPBL) through a press release dated January 31, 2024. From February 29, 2024, PPBL was prohibited from accepting fresh deposits or top-ups due to persistent non-compliance and ongoing supervisory concerns. The deadline has since been extended by…
MUMBAI: One97 Communications is likely to partner SBI, HDFC Bank, Axis Bank and Yes Bank to settle UPI transactions once it gets the third-party app provider licence.Banking sources said that the switchover will be smooth and phased, as the @paytm handle will be retained. However, instead of pointing to PPBL, these handles will point to…
Have a Paytm FASTag? There’s an important update for you! The National Highways Authority of India (NHAI) has advised Paytm FASTag users to get a new FASTag from another bank before March 15. This is to ensure a seamless travel experience and avoid any inconvenience at toll plazas, according to an official statement. By obtaining…
MUMBAI: Paytm on Friday said that the firm and its associate entity Paytm Payments Bank have mutually agreed to discontinue various inter-company agreements to “reduce dependencies”. The shareholders of the bank have also agreed to simplify the shareholders’ agreement to support its governance, independent of its shareholders. The development comes days after Paytm founder &…
The Paytm board has given its approval for the discontinuation of several inter-company agreements with its associate entity, Paytm Payments Bank Limited (PPBL), the company informed the same to stock exchanges on March 1.The company statement to stock exchanges further said that shareholders of PPBL have mutually agreed to simplify the Shareholders Agreement (SHA) to…
