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RBI bars Paytm s services; Wipro to cut hundreds of jobs

In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in todays ETtech Top 5.

RBI s Paytm crackdown causes shockwaves across fintech industry

While many founders continue to hope for the issue to resolve, others said the move will have a ripple effect on the ecosytem and restrict newer players from coming into the banking business.

Send More Money through IMPS from February 1: Key Details |

Learn about the new changes in the IMPS online bank transaction system announced by NPCI. Transfer up to Rs 5 lakh between bank accounts without adding a beneficiary starting February 1. Simplified process with no need for tedious beneficiary details.

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