The National Payments Corporation of India (NPCI) has officially approved One97 Communications Limited (OCL), the parent company of Paytm, to participate in the Unified Payments Interface (UPI) services as a Third-Party Application
SoftBank, a Tokyo-based tech investor, has strategically divested a significant portion of its stake in Paytm, a leading Indian fintech firm, prior to the Reserve Bank of India’s (RBI) regulatory intervention, which
On Thursday, the Reserve Bank of India (RBI) issued a notification announcing the prohibition of Paytm Payments Bank from accepting deposits or top-ups, along with associated services. Following this announcement, Paytm Payments
The Reserve Bank of India (RBI) has taken regulatory action against Paytm Payments Bank Ltd (PPBL) by imposing restrictions on its operations. This decision, announced on January 31, stems from a comprehensive
One 97 Communications, the parent company of Paytm, has reportedly laid off over 1,000 employees across multiple units in recent months. This move is seen as a cost-cutting measure as the company
Paytm, a leading financial technology firm in India, is embarking on a substantial restructuring of its business model with the aim of accelerating profitability. The CEO, Vijay Shekhar Sharma, has revealed a
During the 2023 Global Partnership on Artificial Intelligence (GPAI) Summit, Vijay Shekhar Sharma, the founder of Paytm, highlighted the transformative potential of Artificial Intelligence (AI) in India. Sharma stressed that AI is
Warren Buffett’s Berkshire Hathaway has completely divested its holdings in the fintech giant Paytm through an open market sale, resulting in a loss of around Rs 600 crore. The sale involved more
In an era of e-commerce platforms and the importance of digital presence for any business be it SMEs, MSMEs, startups or entrepreneurs, payment gateways have become essential to accept payments through digital
Paytm has introduced a new feature on its app called “pin recent payments” to simplify the process of making regular payments to vendors, sellers, and individuals using UPI apps. This feature allows
The Reserve Bank of India has approved the nomination of senior banker Surinder Chawla as the new Managing Director (MD) and Chief Executive Officer (CEO) of India’s domestic Paytm Payments Bank, according