The Union Cabinet on Wednesday approved the incentive scheme with a financial outlay of Rs 26 billion for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for 2022-23, compared with Rs 15 billion in 2021-22.
Paytm Payments Bank being an issuer and payment service provider bank in itself along with being an acquirer of UPI transactions on its own platform, makes it the source and destination for all of its transactions. So, it effectively serves the customer end-to-end in a transaction.
New Delhi [India], October 16 (ANI): As the country moves towards digitalisation of the whole banking sector and paperless transactions, Paytm Payments Bank is strengthening its leadership with seasoned executives from the banking and financial services industry.
Mumbai (Maharashtra) [India], March 15 (ANI): The share price of Paytm's parent company One 97 Communications Ltd dipped by another 10 per cent on Tuesday hitting a new all-time low.
Mumbai (Maharashtra) [India], March 14 (ANI): Share price of Paytm's parent company, One 97 Communications Ltd, slumped by around 13 per cent to hit an all-time low on Monday after the Reserve Bank of India (RBI) barred Paytm Payments Bank from onboarding new customers.
Mumbai (Maharashtra) [India], March 11 (ANI): The Reserve Bank of India (RBI) on Friday said it has banned Paytm Payments Bank from onboarding new customers with immediate effect.
New Delhi [India], April 21 (ANI): Paytm Payments Bank Ltd (PPBL) registered 46.9 crore Unified Payments Interface (UPI) transactions in March, marking a month-on-month increase of 20.7 per cent to emerge as the largest beneficiary ahead of all major banks in the country.
Gurgaon (Haryana) [India], December 2 (ANI/NewsVoir): The ongoing pandemic has accelerated real-time payments as consumers increasingly seek alternatives to cash. This has led to a notable shift towards digital payment solutions.
New Delhi [India], November 9 (ANI/PRNewswire): One of the biggest enterprise solutions providers in India, Marg ERP, with over 50 per cent market share in Pharma and FMCG sector nationally, has come together with Paytm to facilitate seamless transactions for MSMEs.
New Delhi [India], May 15 (ANI): The Paytm Payments Bank Limited (PPBL) today announced the launch of 'Cash at Home' facility for senior and differently-abled citizens in the national capital region so that they do not need to step out during this COVID-19 pandemic.
Mumbai (Maharashtra) [India], Sept 11 (ANI): Shares of Yes Bank jumped by 13.63 per cent on Wednesday afternoon following reports that its shareholding structure may undergo a major churn by the year-end.
New Delhi [India], April 23 (ANI): Paytm Payments Bank announced on Monday that it now has over 100 million KYC wallets, against the constant campaigning done by bank about the benefits of the Know Your Customer (KYC) system.