What the Paytm Controversy Teaches Us Amidst the myriad of questions raised by the Paytm company, what does the important financial lesson teach us? Paytm has become a major player in digital transactions in India Paytm, considered the mainstay of digital transactions in India, is reeling under the RBI’s move. Following the ban on the … Read more
Average daily downloads for the ‘Paytm’ app on the Google Play Store fell to 1.4 lakh last week, according to data from market research firm ‘Apptwick’. The RBI had recently banned Paytm Payments Bank from accepting deposits after February 29. It also said that its customers will be allowed to withdraw or use balances in … Read more
Jio Financial Services and HDFC Bank are reportedly interested in buying Paytm’s wallet business. Will Ambani buy Paytm? Shares of Jio Financial Services rallied as much as 15 per cent in the stock market yesterday following reports that Paytm’s parent company, One97 Communications, is in talks with the two companies. There is no major change … Read more
RBI has imposed strict restrictions on ‘Paytm Payments’ banking operations due to irregular KYC in the bank. There are reports of multi-crore money transfers being done by rules. Sources familiar with the matter further said: Reserve Bank took action against Paytm Bank over audit report. Irregular K.Y.C. This is due to the multi-crore cash transactions … Read more