Tagged: paytm payments bank

Paytm Shares Crater as Reserve Bank of India Halts Deposits in Digital Wallet, New Accounts

Paytm, the operating name of One 97 Communications Limited (PAYTM.NS), shares cratered today as the Reserve Bank of India (RBI) decided to halt deposits in its digital wallet and accounts. Paytm describes itself as India’s most loved payments app. The company also operates Paytm Payments… Read More

Reserve Bank of India-licensed Paytm Payments Bank Surpasses $79 Million in Fixed Deposits

Paytm Payments Bank, a new type of bank, licensed by the Reserve Bank of India (RBI) as a payments service provider, recently revealed that it has surpassed INR 600 Crores (appr. $79.4 million) in fixed deposit (FD) accounts, which have been maintained through a partnership… Read More

Brief: Satish Kumar Gupta Steps in as New Paytm Payments Bank CEO

Paytm Payments Bank has been in flux since this past summer when the Reserve Bank of India (RBI) put the kibosh on the platform’s plans to  onboard new customers; as indicated on its website: “Paytm Payments Bank Limited has been prohibited by Reserve Bank of… Read More

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