Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from ...

In August 2018, too, Paytm Payments Bank had to stop enrolling new customers, following an audit by the RBI; the ban was removed in January 2019 Paytm Payments Bank was recently granted the approval ...

Paytm’s parent company, One 97 Communications, announced in a Tuesday filing that its subsidiary, Paytm Payments Services, has secured approval from the Reserve Bank of India to operate as an online ...

The Reserve Bank of India (RBI) has restricted Paytm Payments Bank, a subsidiary of Paytm parent One97 Communications, from adding new customers to its servers. Reportedly, this is to punish the ...

Paytm, a digital payments company in India, is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India ...

BENGALURU, Feb 1 (Reuters) - The Reserve Bank of India (RBI) has ordered the payments bank subsidiary of Paytm (PAYT.NS), opens new tab to stop accepting fresh deposits in its accounts or popular ...

Paytm secures RBI’s online payment aggregator licence, enabling new merchant onboarding and boosting its fintech operations.

Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say ...

MUMBAI, Feb 16 (Reuters) - India's Paytm Payments Bank has been given more time by the central bank to wind down its operations, while its parent company has signed on a new banking partner to try to ...

MUMBAI, Feb 23 (Reuters) - The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India to examine a request from Paytm, formally known as One 97 Communications, to ...

Paytm Payments Services Ltd., a wholly owned subsidiary of One 97 Communications Ltd., has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment ...