YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for One97 Communications
Almost 80-85% of Paytm wallet users will not face any disruption due to the action by the Reserve Bank of India on the Paytm Payments Bank (PPBL), R
The move on IIFL came after RBI inspected the financial position of the company as on March 31, 2023
One 97 Communications reconstitutes payments bank board, gets new independent directors
Das said the RBI takes action against regulated entities only after a comprehensive assessment
The ED had visited premises of the company and some other fintech firms in September 2022 for money laundering investigations against some of the me
The bank has witnessed a fast adoption of digital banking services, with users appreciating the new era of banking in India
Paytm penalised for submitting information which did not reflect the factual position
The tie-up is formed to assist its 333 million customers to receive money from their relatives living overseas.
Paytm Payments Bank, by issuing one crore FASTags in June has become the first in the country to achieve this milestone