[ad_1] The Unified Payments Interface (UPI) remains the undisputed king of digital payments in India. Transactions via UPI saw a staggering 56 per cent growth in volume compared to the same period last year, reaching a massive 65.77 billion transactions in the second half of 2023, according to a new report by Worldline, a … Read more
[ad_1] The National Payments Corporation of India (NPCI) on Thursday allowed One97 Communications (OCL), which operates brand Paytm, to function as a third party application provider (TPAP) on Unified Payments Interface (UPI). Four banks — State Bank of India (SBI), Axis Bank, HDFC Bank, and YES Bank — will act as payment service … Read more
[ad_1] With the deadline closing in before multiple restrictions on Paytm Payments Bank take effect, job cuts are in the air. One97 Communications, Paytm’s parent company, which is in the midst of an annual appraisal cycle, could consider reducing a part of its workforce, according to sources. A Paytm spokesperson denied any layoff … Read more
[ad_1] India’s Paytm and its payments bank unit have mutually agreed to discontinue various inter-company agreements in the process to reduce dependencies, the embattled payments firm said on Friday. Paytm, formally known as One 97 Communications, did not specify what agreements were being terminated. The payments bank agreed to simplify … Read more
[ad_1] Illustration: AJAY MOHANTY The recent regulatory action by the Reserve Bank of India (RBI) against Paytm Payments Bank has created significant unease in the system, particularly in the fast-growing fintech business. In this context, our lead editorial notes that although it is likely that fintechs are reaching consumers who were hitherto excluded from the … Read more
[ad_1] An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank’s action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. “We are an external … Read more
[ad_1] By Chiranjivi Chakraborty Jefferies Financial Group Inc. has become the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling Indian fintech major “settles down”. The investment bank has moved the stock to “not rated”, weeks after lowering it to underperform … Read more
[ad_1] Stock market live: Benchmark indices Sensex and Nifty are eyeing a higher start on Monday, as per early trends. At 7:15 am, the Gift Nifty futures quoted 54 points higher at 22,152 levels. The new week remains light on events or data to track with RBI and US FOMC’s latest meeting minutes to … Read more