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Paytm Payments Bank faces RBI action, can't offer services, including wallet, or sign up new customers after February 29

The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - like FASTags - linked to those accounts, after Feb 29. ....

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Paytm Lays Off 100s Of Employees After Induction Of AI To Cut Costs

Paytm's parent company One97 Communication has laid off 100s of employees across verticals including sales and engineering, due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting. ....

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