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The Confederation of All India Traders (CAIT) has asked traders to switch from Paytm to other payment apps, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop services from February 29 over alleged violations of norms. ....
Paytm founder Vijay Shekhar Sharma on Friday morning - amid growing concern over the operational status of the digital payments app - has told users "your favourite app is working (and) will keep working beyond February 29 as usual". ....
Paytm Plans To Launch $3 Billion IPO In What Would Be India’s Largest Debut Paytm Plans To Launch $3 Billion IPO In What Would Be India’s Largest Debut If successful, Paytm s initial share sale would surpass Coal India Ltd. s offering, which raised more than Rs 15,000 crore in 2010 in the country s largest IPO so far. The One97 board plans to meet this Friday to formally approve the IPO Paytm, India s leading digital payments provider, is aiming to raise about Rs 21,800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country s largest debut ever. ....