Paytm Payments-bank

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Paytm Payments-bank - Total results - 21
Paytm Payments Bank suspends support for cryptocurrency exchanges: Why banks in India are retreating from digital currencies
News & Analysis

Paytm Payments Bank suspends support for cryptocurrency exchanges: Why banks in India are retreating from digital currencies

In March 2020, the Supreme Court quashed RBI ban and allowed banks to handle cryptocurrency transactions from exchanges and traders.

Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders
Business

Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders

National Payments Corporation of India brings onboard new members as part of its shareholding party.

Paytm Payments Bank to issue 10 mn Visa virtual debit cards to customers by 2020-21
Business

Paytm Payments Bank to issue 10 mn Visa virtual debit cards to customers by 2020-21

Paytm Payments Bank Ltd announced on Wednesday it will now start issuing Visa virtual debit cards to its customers

Paytm Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation
Business

Paytm Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation

Paytm Payments Bank Limited (PPB) on Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore
Business

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore

Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.

Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocket
Business

Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocket

The Unique Identification Authority of India (UIDAI), the Aadhaar issuing authority had asked digital wallets and mutual funds registrars to stop using Aadhaar data

Paytm Payments Bank resumes KYC process for bank, wallet customers after nod from RBI
Business

Paytm Payments Bank resumes KYC process for bank, wallet customers after nod from RBI

Paytm Payments Bank Ltd in June last year was asked to stop adding new customers after an audit by the RBI that made some observations about the bank's KYC processes

Paytm Payments Bank posts Rs 20.7 cr net loss in FY18; total income grows at Rs 721.9 cr
Business

Paytm Payments Bank posts Rs 20.7 cr net loss in FY18; total income grows at Rs 721.9 cr

Paytm Founder Vijay Shekhar Sharma holds 51 percent share in Paytm Payments Bank, while the rest is held by One97 Communications.

Paytm Payments Bank names Satish Kumar Gupta as managing director and CEO
Business

Paytm Payments Bank names Satish Kumar Gupta as managing director and CEO

Satish Kumar Gupta brings over 35 years of leadership experience to Paytm Payments Bank, with prior senior roles at SBI and NPCI, the company said in a statement.

Cabinet approves 80% increase in spending for India Post Payments Bank to Rs 1,435 crore
Business

Cabinet approves 80% increase in spending for India Post Payments Bank to Rs 1,435 crore

The government-backed India Post Payments Bank is set to go live with 650 branches and 3,250 access points across the country on 1 September

Warren Buffett's Berkshire picks up stake in Vijay Shekhar Sharma's Paytm, gets Board seat
Business

Warren Buffett's Berkshire picks up stake in Vijay Shekhar Sharma's Paytm, gets Board seat

With this deal, Buffett's investment firm joins Japanese giant SoftBank that had last year bought a reported 20 percent stake in Paytm for an estimated $1.4 billion (over Rs 9,000 crore).

Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report
Business

Reserve Bank of India orders Paytm Payments Bank to stop onboarding customers: Report

Paytm was reportedly asked to remove Renu Satti as the chief executive of its payments bank, with the RBI raising objections about her ability to lead a banking services firm.

Paytm Payments Bank partners with NPCI to launch a RuPay powered digital debit card
News & Analysis

Paytm Payments Bank partners with NPCI to launch a RuPay powered digital debit card

With the PPB Digital debit card, customers will now be able to transact at all merchants who accept credit and debit cards.

Paytm Payments Bank to partner with full-service banks for loan services and term deposits
News & Analysis

Paytm Payments Bank to partner with full-service banks for loan services and term deposits

Payments banks are niche banks that were allowed by the Reserve Bank of India in a bid to expand access to financial services in Asia third-largest economy.

Everything you need to know about Paytm Payments Bank
News & Analysis

Everything you need to know about Paytm Payments Bank

Here are all the FAQs you may have about the new Paytm Payments Bank that was launched today in India.

Paytm Payments Bank starts operations from today; offers 4 percent interest and cashbacks
News & Analysis

Paytm Payments Bank starts operations from today; offers 4 percent interest and cashbacks

Backed by Chinese firm Alibaba and Japanese conglomerate SoftBank, Paytm has earmarked initial investment of Rs 400 crore to build its banking network over two years.

Paytm Payments Bank to start operations from 23 May: Here's what happens to your wallet
Business

Paytm Payments Bank to start operations from 23 May: Here's what happens to your wallet

If your account has been inactive for last six months or has zero balance, then it will be transferred to PPB only if you give consent

Paytm hopes to start payments bank by month-end says founder Vijay Shekhar Sharma
Business

Paytm hopes to start payments bank by month-end says founder Vijay Shekhar Sharma

Sharma expressed belief that with greater penetration of mobile Internet connectivity, his business will grow further.

Paytm e-marketplace to get $200 mn from Alibaba, SAIF; Chinese giant makes India e-comm entry
Business

Paytm e-marketplace to get $200 mn from Alibaba, SAIF; Chinese giant makes India e-comm entry

The deal is expected to pave the way for the much-awaited entry of Alibaba into India, where the Chinese firm will go head-to-head with American online retail giant Amazon and homegrown player Flipkart.

Paytm gets RBI approval to launch payments bank; may start operations next month
Business

Paytm gets RBI approval to launch payments bank; may start operations next month

Paytm was earlier slated to begin operations around Diwali last year.