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Paytm considering JV option for insurance business clearance SECTIONS Share Reuters Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration IPO-bound Paytm may bring in an external partner for its general insurance venture, even as the digital payments company is in the process of acquiring Raheja QBE General Insurance Company, people aware of the matter said. This may make it easier to obtain regulatory clearance, they indicated. While Paytm announced the Raheja acquisition last year, the deal is yet to close. Indian law on foreign ownership in the insurance sector limits foreign direct investment at 74%. ....
Paytm Payments Bank crosses 1-crore FASTags mark indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Fino Payments Bank's QR code based UPI solution to drive P2M digital payments equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
With 155 Million UPI Handles, Paytm Payments Bank is Largest Beneficiary Bank sakshi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sakshi.com Daily Mail and Mail on Sunday newspapers.
Payments Fintech Banking Circle Chooses European Firm SIA to Provide Instant Payments Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service of the Eurosystem.” As stated in the announcement: “Thanks to SIAnet, the ultra-fast fiber optic network infrastructure, Banking Circle enables European financial institutions and corporates to execute instant payments in less than 10 seconds with a maximum amount currently set at 100,000 euros per individual transaction, 24/7, all year long, in line with the SEPA Instant Credit Transfer scheme of the European Payments Council (EPC).” ....