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Paytm Initiates Customer Migration To Partner Banks Following RBI Sanctions; Who Are The Partners?

One97 Communications Limited (OCL), the parent company of Paytm, has embarked on the migration of its Paytm UPI users to partner payment service provider (PSP) banks, including Axis Bank, HDFC Bank, SBI, and Yes Bank. This shift comes in the wake ...

India Delays Paytm's Investment Approval Over Chinese Ownership Concerns

India has postponed the approval of Paytm's 500 million rupee ($6 million) investment in its Paytm Payment Services arm, citing concerns regarding Chinese shareholding in the parent company, as reported by three government officials and a document seen by Reuters. One ...

RBI Plans License Regime For POS Players; Major Impact Expected

The Reserve Bank of India (RBI) is set to introduce a licencing framework for point-of-sale (POS) operators. This development is poised to impact major players such as Pine Labs, MSwipe, Paytm, and BharatPe. The objective is to ensure operational harmony and ...

UPI Transactions Surge In India: Transactions Worth 99 Lakh Crore Recorded In 2nd Half Of 2023; Details

India's digital payment ecosystem is witnessing a paradigm shift, with Unified Payments Interface (UPI) emerging as the undisputed champion according to the latest 'India Digital Payments Report' (H2 2023) by Worldline India, a licensed payments aggregator. The report highlights a surge ...

Paytm's UPI Market Share Hits Four-Year Low Amid RBI's Regulatory Woes, Shares Slump; Buy Or Not?

One97 Communications Ltd (OCL), the parent company of the popular Paytm app, has encountered a notable decline in its Unified Payments Interface (UPI) market share, plummeting to 9% in March, as per data disclosed by the National Payments Corporation of India ...

Domestic Investors Rally Behind Paytm As FPI Shifts: Retail Stake Climbs, Global Fund Entries Increase

Domestic retail investors have significantly upped their stake in Paytm by 1.68%, indicating a vote of confidence amidst tumultuous times for the fintech giant. The surge in retail interest coincides with the entry of new foreign portfolio investors, marking a shift ...

Paytm Payments Bank CEO Surinder Chawla Resigns Amid Regulatory Challenges

Amidst regulatory challenges faced by Paytm Payments Bank, its Managing Director and CEO, Surinder Chawla, has tendered his resignation, according to a regulatory filing by One97 Communications, the brand owner of Paytm, on April 9. Chawla's departure from the company comes ...

India's Mobile Wallet Payments Projected To Surpass Rs 531 Trillion

Mobile wallet payments are poised to revolutionise India's payment ecosystem, overshadowing traditional methods like cash and cards. According to GlobalData, a renowned data and analytics company based in London, mobile wallet adoption in India is experiencing an unprecedented surge, with projections ...

5 Large Cap Giants Fell Up To 58.16% From Their 52-Week High Levels, What Led The Decline?

Five Large cap stocks witnessed sharp decline of up to 58.16% from their 52-week high levels. All these are financially strong stocks. These stocks are Dabur India, Page Industries, Hindustan Unilever Ltd, Zee Entertainment Enterprises Ltd, and One 97 Communications Ltd. ...

Paytm Resumes Lending Operations, Eyes Fresh Tie-Ups Amid Regulatory Challenges

Paytm, India's leading fintech giant, has resumed its lending activities after a temporary hiatus, signalling a renewed focus on expanding its financial services offerings. The company, helmed by entrepreneur Vijay Shekhar Sharma, has initiated merchant loans in collaboration with existing partners ...

From HDFC Bank FASTag Purchases To Toll Plazas: Paytm Simplifies FASTag Recharges

Paytm, India's leading digital payment platform, has rolled out a streamlined process for FASTag recharges directly through its app. This strategic move aims to empower users to recharge their FASTags hassle-free, eliminating the need to endure long queues and delays at ...

Paytm Senior VP Praveen Sharma Steps Down Amid Regulatory Pressures and Changes

Praveen Sharma, the senior vice president of business at One 97 Communications, the parent company of Paytm, on Sunday has announced his resignation, according to an exchange filing by the fintech major. Sharma's departure, scheduled for March 31, comes as a ...

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