Friday, September 20, 2024
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fintech

Paytm Founder Sharma Acknowledges Crucial Role Of Regulatory Engagement

While speaking at an event in Japan, Sharma said that ambiguity brings stress to the business.

06 / 03 / 2024

Fiserv Appoints Murali Nair As General Manager Of India And South Asia

Murali Nair was previously president of banking for India at Zeta and has held leadership positions in client relationship management at Visa and market development at Mastercard, etc.

05 / 03 / 2024

Experts Suggest Regulatory Reassessment To Boost Fintech Sector And Ease Compliance Burden

Following the RBI's action, some in the industry expressed concern that the regulatory environment, rather than fostering innovation, could hinder the progress of fintech companies.

26 / 02 / 2024

MobiKwik Introduces Pocket UPI To Facilitate UPI Payments Without Linking Bank Account

Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank account..

26 / 02 / 2024

Paytm Shares Hit Upper Circuit Again At Rs 428

In the morning trade, the 30-share BSE Sensex benchmark slumped 288.71 points or 0.39 per cent, while NSE Nifty fell 71.55 points to 22,141.15.

26 / 02 / 2024

The stock tanked 10 per cent to Rs 438.35 -- its lowest trading permissible limit for the day -- on the BSE.

Noida-based fintech Paytm which is owned by One97 Communications is in controversies following the Reserve Bank of India's action. The top bank has ordered the...

The company is mired in controversy following a recent RBI order that barred Paytm Payments Bank Ltd to not taking any further deposits conducting credit...

Paytm said that the RBI order also does not impact user deposits in their savings accounts, wallets, FASTags and NCMC accounts, and they can continue to use...

Paytm sees an impact of Rs 300-500 crore on its annual operational profit, as its customers will not be able to add money to their wallets, FASTags, etc after...

The firm offloaded holdings in the company through an open market transaction for Rs 2425 crore

The company's market capitalisation (mcap) also eroded by Rs 9,646.31 crore to Rs 38,663.69 crore in early trade

Paytm said PPBL is taking immediate steps to comply with RBI directions, including working with the regulator to address their concerns as quickly as possible

While mindful that this is the interim budget, industry stakeholders hope that it will have announcements that foster financial inclusion and help build a...

The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the...