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Paytm fiasco: A question mark over India s acclaimed fintech industry

The RBI’s move will be a crippling blow to a payments bank which has 50 million account holders and for a group which has 300 million wallets and a leader in the FASTag units segment.

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Paytm Payments Bank | RBI bars Paytm Payments Bank from accepting deposits in accounts or popular wallets from February 29

In March 2022, the central bank had stopped Paytm Payments Bank from taking on new customers

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Paytm Payment Services Granted RBI Extension To Resubmit Payment Aggregator Licence Application

The Reserve Bank of India (RBI) has allowed Paytm Payment Services Ltd (PPSL) an extension to resubmit its application for a payment aggregator (PA) licence, said One97 Communications, the parent firm of PPSL, in a regulatory filing on 26 March 2023. aaa

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Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

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Paytm Payment Services gets RBI extension to resubmit PA licence application

The central bank has also allowed PPSL to continue its operation as a payment aggregator while it awaits approval from the government on the past investments received from One97 Communications, the exchange filing added.

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