Insider founder-CEO and Paytm CPO Shreyas Srinivasan quits after Zomato deal
Nov 05, 2024, at 08:47 pm
New Delhi/IBNS: Shreyas Srinivasan on Monday (Nov. 4) resigned as Chief Product Officer and Head of Consumer Products at Paytm, following the sale of Paytm’s entertainment and live ticketing platform, Insider.in, to the food-delivery giant Zomato.
Paytm secures NPCI nod to onboard new UPI users
Oct 23, 2024, at 09:55 pm
New Delhi/IBNS: One97 Communications Limited, the parent company of Paytm, has received the green light from the National Payments Corporation of India (NPCI) to onboard new users for its Unified Payments Interface (UPI) platform.
Paytm to focus on core business, deliver profitability soon: CEO Vijay Shekhar Sharma at AGM
Sep 12, 2024, at 08:02 pm
New Delhi/IBNS: Vijay Shekhar Sharma, the founder and chief executive officer (CEO) of Paytm, on Thursday (Sept. 12) said the fintech company will focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon".
Paytm gets govt panel's approval to receive China-linked investments for its payments arm: Report
Jul 09, 2024, at 10:21 pm
Mumbai: Paytm, which has been struggling after RBI’s operational restrictions on its payments arm Paytm Payment Bank, has received approval from a government panel overseeing China-related investments to inject 500 million rupees ($6 million) into a significant subsidiary, media report.
Paytm employees allege forced resignations; company rejects allegations
Jun 15, 2024, at 04:28 am
Mumbai: Several Paytm employees are on the verge of losing their jobs, with some staff members unsuccessfully negotiating for a pay cut instead, according to The Times of India.
Paytm, Adani Group quash report claiming Gautam Adani stake talks with Vijay Shekhar Sharma
May 29, 2024, at 06:04 pm
New Delhi/IBNS: Both Adani Group and Paytm on Wednesday dismissed recent media reports claiming Gautam Adani was likely in talks with Vijay Shekhar Sharma, the founder chairman and managing director of Paytm's parent company One97 Communications, to acquire stake in the Indian fintech major.
Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts
May 23, 2024, at 05:43 pm
New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.
Paytm Q4FY24 loss widens to Rs 550 cr YoY; FY24 increases 25%
May 22, 2024, at 10:33 pm
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
May 10, 2024, at 03:36 am
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
Paytm CBOs Bipin Kaul, Ajay Singh resign as company takes up restructuring: Report
May 07, 2024, at 09:37 pm
Noida: Ahead of Paytm’s announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.
Paytm COO Bhavesh Gupta steps down citing personal reasons
May 05, 2024, at 04:58 am
Mumbai: Digital payments and financial services company Paytm announced the exit of its Chief Operating Officer and President Bhavesh Gupta in an official filing to regulatory authorities on May 4.
Paytm starts migrating its users to PSP banks
Apr 18, 2024, at 06:32 am
Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.
Mutual Funds, foreign portfolio investors increase stake in Paytm
Apr 10, 2024, at 07:04 am
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'
Apr 10, 2024, at 05:01 am
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Paytm Payments Bank releases FAQs on FASTag refunds, minimum balance
Mar 16, 2024, at 01:39 am
Mumbai: Paytm Payments Bank Ltd (PPBL), on Friday, released a set of frequently asked questions (FAQs) for its customers, explaining the process for obtaining refunds for security deposits and minimum balances in FASTag accounts, media reports said.
Paytm gets third-party app license from NPCI
Mar 15, 2024, at 03:07 am
New Delhi: Paytm, officially known as One 97 Communications, was granted a third-party application provider license by the Nation's Payments Authority of India (NPCI), media reports said.
Paytm Payments Bank likely to lay off employees amid uncertainty after RBI restrictions: Report
Mar 14, 2024, at 11:30 pm
Mumbai: Paytm Payments Bank Limited (PPBL) may cut down its workforce by around 20 percent due to uncertainty about the bank's future, Reuters reported.
Paytm FASTag users must procure tag from another bank by Mar 15: NHAI
Mar 14, 2024, at 08:26 am
New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.
NPCI likely to grant TRAP licencse to Paytm: Report
Mar 13, 2024, at 05:55 am
New Delhi: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, previously known as One 97 Communications, by March 15, media reports said.
85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
Mar 07, 2024, at 07:08 am
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations
Mar 02, 2024, at 05:54 am
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
Paytm and PPBL agree to discontinue various inter-company agreement
Mar 01, 2024, at 11:27 pm
Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis
Feb 27, 2024, at 04:55 am
Paytm Monday informed that Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit.
HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business
Feb 24, 2024, at 08:00 am
Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).
Mukesh Ambani's Jio Financial Services enters 2-trillion market cap club
Feb 24, 2024, at 04:04 am
Mumbai: Jio Financial Services, led by Mukesh Ambani, has joined the Rs 2-trillion market cap club, with its shares rising by 10.2% to reach Rs 334 on Friday, media reported.
Paytm installations plunge after RBI restrictions
Feb 23, 2024, at 08:36 am
Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.
Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco
Feb 21, 2024, at 04:19 am
New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.
RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text
Feb 17, 2024, at 05:05 am
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Paytm transfers nodal account to Paytm Payments Bank to Axis Bank
Feb 17, 2024, at 03:32 am
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs
Feb 17, 2024, at 03:26 am
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.