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RBI Asks Paytm Bank Customers To Shift To Other Banks 2024-02-17 11:28:23
The Reserve Bank of India (RBI) has advised both customers and merchants of Paytm Payments Bank Ltd (PPBL) to transfer their accounts to other banks by March 15. This gives PPBL an additional 15 days to close most of its...
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Read MoreHow to deactivate Paytm FASTag? 2024-02-19 06:21:36
Motorway users have been advised to purchase FASTags from 32 approved banks instead of Paytm Payments Bank (PPBL) following the Reserve Bank of India's (RBI) instruction for Paytm to cease accepting deposits and top-ups from any customers after February 29....
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Read MoreFrauds on Rise! ICICI, SBI, HDFC Among Top 3 Banks to Report Highest Number of Frauds in 11 Years: Report 2019-06-12 10:07:20
Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported the highest number of cases, according to an RBI data. Of the total...
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Read MorePaytm set to operate as third-party app for UPI 2024-02-10 12:56:51
Paytm's parent company, One97 Communications Limited, is strategizing to keep its Unified Payments Interface (UPI) available to users by adopting the third-party payment app (TPAP) approach. Instead of relying on Paytm Payments Bank, which will no longer offer payment services,...
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Read MoreWhy RBI Has Put Restrictions On Paytm? 2024-02-01 09:59:24
Paytm Payments Bank, a subsidiary of Paytm, one of India's leading payment companies, has been instructed by the Reserve Bank of India (RBI) to cease accepting fresh deposits or conducting credit transactions, including fund transfers through Unified Payments Interface (UPI),...
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Read MorePaytm crisis: PhonePe users climb by 15-20 percent 2024-02-06 08:52:52
According to sources, PhonePe, a company owned by Walmart, has experienced a significant increase in its user base in recent days due to the ongoing crisis at rival company Paytm. Consumers are concerned about the fate of Paytm Payment Bank-issued...
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