Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
A new rule of UPI has been implemented to make small payments easily, without any Password or PIN. Users could use the UPI Lite app to do the needful. Here is everything you need to know about the new rule.
Earlier this year, the Reserve Bank of India (RBI) directed Paytm to halt several of its financial services due to repeated regulatory violations. Following the ban, Paytm requested approval from the National Payments Corporation of India (NPCI) in August.
The agreement to introduce UPI in Maldives was signed during External Affairs Minister S Jaishankar's three-day official visit to the country in August.
The Cabinet has approved the third batch of ascending e-auctions for 730 FM radio channels under the 'Private FM Radio Phase III Policy'. This initiative aims to enhance local content in regional languages and generate new employment opportunities.
Zomato's recent acquisition strengthens its position in India's extensive online ticketing sector for movies and live events, an area predominantly led by BookMyShow, which is backed by Reliance.
The HDFC bank in a statement said that the financial and non-financial transactions for HDFC Bank Current & Savings Account (CASA) holders will not be available during the maintaince time.
The steps given will help you to secure and protect your UPI accounts and prevent any unauthorised transactions from your smartphone in case it is lost or stolen.
As July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.
The company can buy Paytm's movies and ticketing business at approximately Rs 1,500 crore. This acquisition would be the company's second-largest purchase, following its acquisition of a quick commerce platform.
Samsung Galaxy users can now book tickets for flights, movies, shows, and events directly from Samsung Wallet. The company has partnered with an Indian financial services company for this.
Paytm has again started to restructure the team by laying off an undisclosed number of employees. The company is providing outplacement support to help those affected transition to new job opportunities.
Paytm has dismissed a report that claimed billionaire Gautam Adani was negotiating with CEO Vijay Shekhar Sharma to acquire a stake in the digital payments firm.
Paytm stated that its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank.
Despite the revenue dip, Paytm reported significant progress in enhancing its profitability and operational efficiency. The company's operations revenue rose by 25% year-over-year (YoY), reaching Rs 9,978 crore for the full fiscal year (FY24).
Paytm intends to strengthen its leadership team to cultivate a sizable and profitable payment and financial services distribution enterprise. These seasoned leaders will collaborate closely with the CEO and other top-level executives to drive innovation, fortify the organizational structure.
Bhavesh Gupta mentioned in his letter that his resignation will be effective close of business hours on 31 May.
Paytm is now migrating its UPI users to new bank handles after RBI imposed a ban on Paytm Payments Bank starting March 15. Paytm will continue offering its UPI services, which will be now connected to new banks.
It was the RBI guidelines that mandated the formation of PPSL, the transfer of the online payments business from OCL to PPSL, and the investment of capital in PPSL, as part of the requirement to house the PA business in an independent legal entity.
Paytm (PAYT.NS) has said that Surinder Chawla has resigned as the chief executive officer of its banking unit Paytm Payments Bank.
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