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RBI asks NPCI to examine Paytm's request to become third party app provider | Business News

On January 31, the RBI had told Paytm Payments Bank Ltd (PPBL), an associate of Paytm, to halt most of its operations by March 15, citing persistent non-compliance and supervisory concerns. ....

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Paytm's loss is BaratPe, PhonePe, MobiKwik and other fintechs' gain; 42% Kirana stores switch to alternatives

Paytm exodus: The recent RBI action against Paytm Payments Bank has triggered a seismic shift in the digital payments landscape for Kirana stores. While Paytm once held a dominant position, a new survey reveals a mass exodus to alternative platforms like BharatPe and PhonePe. ....

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Paytm Payments Bank Ban: From Paytm migration to RBI's stand - Top 10 facts and developments you should know

Paytm Payments Bank Ban Latest Update: In a significant setback for the company, the RBI has prohibited Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, mandated PPBL to cease accepting deposits or top-ups in any customer accounts, wallets, FASTTags, and other instruments after February 29. We take a look at why RBI banned Paytm Payments Bank, what it means for customers, what action is being taken and more: ....

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