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Tech News
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record,…
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RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and…
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Tech News
Paytm Payments Bank Board Is Independent, Paytm CEO Vijay Shekhar Sharma Says
The board of India’s Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of…
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Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on…
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RBI Proposes Support for CBDC Distribution via Non-Bank Payment Operators
Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then with their existing financial…
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Paytm Gets Third-Party UPI App License From NPCI as Payments Bank Ceases Operations
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license…
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty…
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Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India’s Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm’s banking arm, Paytm Payments…
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Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India’s banking regulator has ordered to…
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Tech News
RBI Moves to Ensure UPI Transactions on Paytm Continue to Work After Strictures on Paytm Payments Bank
The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine…
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
For Indian regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.…
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Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
India’s Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its…
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