The Reserve Bank of India (RBI) has directed the National Payments Corporation of India (NPCI) to review One97 Communication Ltd.’s (OCL) application to serve as a Third-Party Application Provider (TPAP) for the UPI platform to sustain the functioning of the Paytm app. Continue reading “RBI announces additional steps to aid Paytm UPI handling”
One97 Communications has announced that Paytm has moved its nodal account to Axis Bank, ensuring that its QR codes, Soundbox, and Card machines will remain operational beyond March 15, 2024, according to an exchange filing. Continue reading “Paytm moves nodal account to Axis Bank; Soundbox and Card machine to operate post-March 15”
Paytm, today, has announced changes in response to the Reserve Bank of India’s (RBI) recent directions. Paytm Payments Bank Limited (PPBL), an associate of One 97 Communications Limited (OCL), has received specific instructions from the RBI under section 35A of the Banking Regulation Act, 1949. Continue reading “Paytm Payments Bank to deepen ties with third-party banks amid RBI guidelines”
The Reserve Bank of India (RBI) has imposed significant restrictions on Paytm Payments Bank (PPBL), effective from February 29. This includes a halt on new deposits, top-ups in customer accounts, and the usage of prepaid instruments, wallets, and FASTags. Continue reading “RBI restricts Paytm Payments Bank from offering FASTag, wallet services from February 29”
