Paytm: News
18 Apr 2024
PSPPaytm migrates users to new UPI IDs: Know key changes
One97 Communications Limited (OCL), the parent company of Paytm, has started transitioning its users to partner payment service provider (PSP) banks. These include Axis Bank, HDFC Bank, SBI, and Yes Bank.
09 Apr 2024
Vijay Shekhar SharmaPaytm Payments Bank's CEO steps down amid company restructuring
Surinder Chawla, the CEO of Paytm Payments Bank, has announced his resignation effective June 26.
27 Mar 2024
IndiaPaytm rolls out direct FASTag recharge amid regulatory challenges
Paytm has unveiled a new feature that allows users to recharge their FASTags directly via its mobile app.
24 Mar 2024
IndiaPraveen Sharma, Senior VP at Paytm, calls it quits
Praveen Sharma, the Senior Vice President of Business at Paytm, has tendered his resignation, according to a recent company disclosure.
15 Mar 2024
Yes BankYes Bank, Axis Bank initiate operations on Paytm's UPI platform
Yes Bank and Axis Bank have commenced operations on the Paytm app's Unified Payments Interface (UPI) platform, as of today (March 15).
14 Mar 2024
HDFC BankPaytm secures NPCI approval to operate as third-party UPI app
The National Payments Corporation of India (NPCI) has given the green light to One97 Communications Limited, the parent company of Paytm, to function as a Third-Party Application Provider (TPAP) for Unified Payments Interface (UPI) services.
14 Mar 2024
Vijay Shekhar SharmaPaytm's parent company considers job cuts across departments
One 97 Communications, the parent company of fintech unicorn Paytm, is reportedly planning to reduce its workforce across various departments.
14 Mar 2024
Reserve Bank Of India (RBI)Paytm's bank shuts down tomorrow: What services will be impacted
Paytm Payments Bank Ltd (PPBL), the banking arm of Paytm, will halt its services from tomorrow (March 15).
12 Mar 2024
Kotak BankFour banks compete to acquire Paytm merchants: Check here
Axis Bank, Canara Bank, Yes Bank, and Kotak Mahindra Bank are the leading contenders to take over merchant accounts of Paytm Payments Bank Ltd (PPBL).
04 Mar 2024
Reserve Bank Of India (RBI)Paytm Payments Bank may lose license for flouting RBI's norms
The Reserve Bank of India (RBI) is reportedly contemplating revoking the banking license of Paytm Payments Bank Limited (PPBL).
02 Mar 2024
Ministry of FinanceFinance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts.
01 Mar 2024
Reserve Bank Of India (RBI)Paytm delinked from its payment bank: Here's what it means
The board of directors at Paytm has approved the decision to discontinue inter-company agreements with Paytm Payments Bank Limited (PPBL).
29 Feb 2024
SoftBank GroupSoftBank reduces stake in crisis-hit Paytm to less than 3%
SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.
27 Feb 2024
Vijay Shekhar SharmaPaytm shares up 5% again: What's fueling the rally
Paytm's stock saw another 5% boost today following the resignation of its founder, Vijay Shekhar Sharma, as chairperson and board member of crisis-hit Paytm Payments Bank Ltd (PPBL).
26 Feb 2024
Vijay Shekhar SharmaVijay Shekhar Sharma steps down as Paytm Payments Bank chairman
Paytm founder Vijay Shekhar Sharma on Monday resigned as a part-time non-executive chairman of Paytm Payments Bank Limited (PPBL).
26 Feb 2024
Reserve Bank Of India (RBI)Paytm to restart lending platform operations in India next month
Paytm is gearing up to relaunch its lending platform for digital loans, provided by partner banks and non-banking financial companies (NBFCs) in early March.
23 Feb 2024
Reserve Bank Of India (RBI)RBI steps in to maintain UPI continuity for Paytm users
The Reserve Bank of India (RBI) has announced further measures to ensure smooth digital transactions for UPI customers using the '@paytm' handle, after imposing business restrictions on Paytm Payments Bank last month.
23 Feb 2024
Google Pay (Gpay)Amid Paytm crisis, Google Pay expands its UPI soundbox
Google Pay is gearing up to expand its SoundPod service for merchants throughout India in the coming months, following a successful limited pilot last year.
20 Feb 2024
Reserve Bank Of India (RBI)Finance Ministry to meet fintech start-ups amid Paytm crisis
The Finance Ministry is gearing up for a crucial meeting with fintech start-ups next week, in light of the recent actions taken by the Reserve Bank of India (RBI) against Paytm.
19 Feb 2024
Stock MarketPaytm stock rises 5% after Axis Bank deal, extended deadline
Paytm stock surged 5% today, reaching the upper circuit for the second day in a row after the company revealed a partnership with Axis Bank to handle merchant payments.
16 Feb 2024
Reserve Bank Of India (RBI)RBI's FAQs for Paytm customers: New deadline and other announcements
The Reserve Bank of India (RBI) has published a set of frequently asked questions (FAQs) to address concerns about Paytm Payments Bank.
16 Feb 2024
FastagRBI curbs: Paytm Payments Bank excluded from authorized FASTag issuers
The Indian Highways Management Company (IHMCL), a subsidiary of the National Highways Authority of India (NHAI), has announced a list of 32 authorized banks for issuing new FASTags.
14 Feb 2024
BusinessED to probe money laundering charges against Paytm Payments Bank
The Enforcement Directorate (ED) has initiated a money laundering probe against Paytm Payments Bank, according to NDTV.
14 Feb 2024
Reserve Bank Of India (RBI)Paytm shares tumble to 52-week low, down 65% from highs
Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.
13 Feb 2024
Reserve Bank Of India (RBI)Paytm shares crash as Macquarie downgrades price to Rs. 275
Paytm shares crashed over 9% today after Macquarie, a global financial services firm, lowered its target price for the fintech giant to Rs. 275.
12 Feb 2024
Axis Bank LtdAxis Bank open to working with Paytm if RBI permits
Axis Bank CEO Amitabh Chaudhry has stated that the bank is willing to collaborate with Paytm if the Reserve Bank of India (RBI) grants permission.
12 Feb 2024
ChinaCentre probes Chinese investments in Paytm Payments Services
The Indian government is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd. (PPSL), a subsidiary of One97 Communications Ltd (OCL).
09 Feb 2024
StartupsPaytm set to acquire Bengaluru-based ONDC start-up Bitsila: Here's why
Paytm, which is battling multiple regulatory challenges, is close to acquiring Bengaluru-based e-commerce start-up Bitsila.
07 Feb 2024
Reserve Bank Of India (RBI)Paytm Payments Bank faces uncertain future as RBI denies concessions
There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024.
06 Feb 2024
Narendra ModiStart-up founders urge PM Modi, RBI to reconsider Paytm curbs
At least 12 start-up founders have penned a letter to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the Reserve Bank of India (RBI) with regards to crisis at Paytm.
05 Feb 2024
Reliance IndustriesJio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm?
Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.
05 Feb 2024
Reserve Bank Of India (RBI)Paytm shares continue to crash, down 42% in 3 sessions
Paytm's stock has taken a significant hit, plummeting over 42% in just three sessions since the Reserve Bank of India (RBI) imposed restrictions on its banking unit.
02 Feb 2024
Reserve Bank Of India (RBI)Following RBI curbs, Paytm shares fall 20% for second day
Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.
01 Feb 2024
Reserve Bank Of India (RBI)RBI's crackdown on Paytm Bank raises concerns of license revocation
There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).
31 Jan 2024
Reserve Bank Of India (RBI)RBI bars Paytm Payments Bank from offering services starting March
The Reserve Bank of India has placed limitations on Paytm Payments Bank Limited (PPBL), barring it from accepting deposits or top-ups in customer accounts, wallets, and FASTags after February 29, 2024.
24 Jan 2024
Stock MarketSoftBank sells 2% stake in Paytm in first profitable sale
Japanese investment giant SoftBank has sold a 2% stake in Paytm's parent company One97 Communications Ltd., raking in over $200 million.
22 Jan 2024
FintechPaytm surpasses 10 crore monthly active users
Fintech giant Paytm recently announced that it has surpassed 10 crore monthly active users by December 2023.
19 Jan 2024
Stock MarketPaytm reports 38% revenue growth in Q3 FY24, losses down
One97 Communications, Paytm's parent company, experienced a 38% increase in consolidated revenue for Q3, ending December 2023.
30 Dec 2023
National Payments Corporation of IndiaInactive UPI accounts to be deactivated from January 1
Starting January 1, UPI accounts that haven't been used for a year or more will be deactivated, according to a circular from the National Payments Corporation of India (NPCI).
25 Dec 2023
Artificial Intelligence and Machine LearningPaytm lays off over 1,000 employees as AI replaces humans
Paytm has laid off over 1,000 employees from its operations, sales, and engineering departments as a result of adopting AI automation.
15 Dec 2023
Stock MarketNew-age stocks make comeback in 2023: Zomato, Paytm, and more
In 2023, stocks like Paytm, Zomato, Nykaa, PB Fintech, CarTrade Tech, and Delhivery have made a strong comeback, rewarding investors after a disappointing 2022.
07 Dec 2023
Stock MarketHere's why Paytm shares tanked 20% today
Shares of Paytm's parent company, One 97 Communications, took a 20% hit, falling to Rs. 650.45 on the NSE after the company revealed plans to issue fewer personal loans under Rs. 50,000.
06 Dec 2023
BusinessPaytm to offer high ticket personal and merchant loans
Paytm on Wednesday announced its plans to grow its credit distribution business by providing larger personal and merchant loans in collaboration with major banks and Non-Banking Financial Corporations (NBFCs).
15 Nov 2023
BusinessPaytm collaborates with Amadeus to redefine travel ticket booking experience
One97 Communications, Paytm's parent company, revealed a new alliance with international travel tech firm Amadeus on Wednesday.
23 Oct 2023
Vijay Shekhar SharmaPaytm founder launches investment fund for AI, EV start-ups
Paytm's founder and CEO Vijay Shekhar Sharma has announced a SEBI-approved, Category II Alternate Investment Fund (AIF) named 'VSS Investments Fund.'
20 Oct 2023
FintechPaytm's Q2 revenue jumps 32% YoY to over Rs. 2,500cr
One97 Communications, the parent company of India's leading fintech giant Paytm, has reported a 32% year-over-year surge in its revenue for the second quarter of the fiscal year 2023-24 (Q2 FY24), reaching Rs. 2,518.6 crore.
12 Oct 2023
Reserve Bank Of India (RBI)RBI slaps Rs. 5.39cr penalty on Paytm Payments Bank
The Reserve Bank of India (RBI) slapped a hefty penalty of Rs. 5.39 crore on Paytm Payments Bank for not adhering to Know Your Customer (KYC) regulations.
28 Sep 2023
Tamil CinemaBox office prediction: 'Chandramukhi 2' will dominate South Indian belts
Chandramukhi was a cult Tamil film starring Rajinikanth. The movie was remade in almost all languages and was equally successful.
04 Sep 2023
IndiaPaytm introduces Card Soundbox for merchants: Here's how it works
Paytm has launched a device called Card Soundbox in India.
02 Jun 2023
K-PopCinepolis India to livestream BTS Suga's 'D-Day' concert
K-pop is a global sensation and currently, BTS is one of the most followed boy bands. As the band is on a hiatus, fans are loving the work the artists are creating in their solo careers.
03 May 2023
PhonePePhonePe launches UPI Lite for smaller transactions: How to use
Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.
29 Mar 2023
Unified Payments Interface (UPI)Interchange fee on UPI: How this will affect you
A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.
28 Mar 2023
National Payments Corporation of IndiaPaytm Wallet now acceptable on all UPI QRs, online merchants
The National Payments Corporation of India (NPCI) announced wallet interoperability guidelines on Friday (March 24), paving the way for significantly improving the importance of wallets.
15 Feb 2023
Unified Payments Interface (UPI)Paytm Payments Bank introduces UPI LITE: How to use it
In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.
23 Dec 2022
Vijay Shekhar SharmaNo more cash burn at Paytm: CEO Vijay Shekhar Sharma
Paytm is done with cash burn in the business, said CEO Vijay Shekhar Sharma. Speaking at Business Standard BFSI Insight Summit event, he added that the company is already making great strides in controlling spending.
05 Sep 2022
Board of Control for Cricket in India (BCCI)Mastercard replaces Paytm as BCCI title sponsor for 2022-23 season
American multinational financial company Mastercard has replaced Paytm as the title sponsor of the Board of Control for Cricket in India (BCCI).
04 Sep 2022
Enforcement Directorate (ED)ED raids Paytm, Razorpay, Cashfree in Chinese Loan App case
The Enforcement Directorate (ED) searched the offices of fintech companies Paytm, Razorpay, and Cashfree as part of an ongoing probe into fraudulent 'Chinese Loan App' case.
30 Aug 2022
SensexSensex climbs to 59,537 points, Nifty settles at around 17,760
On Tuesday, the stock market closed with an uptrend movement as the Sensex soared 2.63% to 59,537.07 points while the Nifty gained 2.51% to 17,759.3 points.
16 Jun 2022
UnicornWhich IITs, IIMs have churned out most Indian unicorn founders?
India recently achieved the milestone of 100 unicorns.
27 Apr 2022
LICLIC IPO: Bid dates, prices, and other important details revealed
Life Insurance Corporation of India's (LIC) initial public offering (IPO) subscription will open for bidders on May 4 and shall close on May 9.
13 Mar 2022
Road AccidentsPaytm founder granted bail after arrest for hitting DCP's car
Paytm founder and CEO Vijay Shekhar Sharma was arrested last month and released on bail, reports said on Sunday.
