Paytm, the pioneer of QR and mobile payments in India, has said that its app is working and will continue to work after February 29 as well, adding that the directive issued by the Reserve Bank of India (RBI) will affect only its associate bank and not the fintech company.
"I with every Paytm team member, salute you for your relentless support. For every challenge, there is a solution and we are sincerely committed to serve our nation in full compliance," Sharma said in a X post.
Vijay Shekhar Sharma, founder and CEO of Paytm has said that the company will continue to decline and decrease the dependency on its associate bank and will see through by accelerating its partnership with other banks.
Paytm Payments Bank Limited ("PPBL"), an associate of OCL (One 97 Communications Limited), has received RBI directions. Paytm Payments Bank is set to expand its existing relationships with leading third-party banks to distribute payments and financial services products
Mumbai (Maharashtra) [India], January 31: NPST, a leader in digital payments and banking service provider in the NSE SME listed fintech domain, announced a significant growth in revenue for the third quarter of fiscal year 2024, reflecting strong performance and growth. Driven by an uptre
No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime.
According to a press release by Jio Institute, the event brought together over 50 HR professionals and industry experts to explore the evolving landscape of HR in the age of AI.
Bengaluru (Karnataka) [India], October 20: Razorpay, India's Leading Full-Stack Payments, and Banking Platform for Businesses has secured the top spot at the RBI's 2nd Global Hackathon - 'HaRBInger 2023' for its remarkable product, 'DrishtiPay', which facilitates easy-to-use, innovative Card
Making a transformative milestone in the realm of banking services, India Post Payments Bank (IPPB) proudly declares the continuation of its profit streak, reiterating its steadfast dedication to sustainable financial inclusion and citizen empowerment.
As India is rapidly adopting UPI-based payments, Paytm Payments Bank, an Indian homegrown company, has been at the forefront of leading this revolution in the banking space.
Airtel Payments Bank delivered a strong performance across various metrics in the financial year 2022-23. During the financial year, it reported revenue growth of 37 per cent to Rs 1,291 crore with profits growing by 141 per cent to Rs 21.7 crore.