Amid reports of Jio Financial Services buying the Paytm wallet business, the parent company, One97 Communications Ltd, has denied any such reports.
Paytm launches 'Booking for Female' to enhance women’s bus travel experience
Amid reports of Jio Financial Services buying the Paytm wallet business, the parent company, One97 Communications Ltd, has denied any such reports.
“We have not been involved in any negotiations in this matter. Paytm Payments Bank Limited, our associate company, has also informed us that they have not been involved in any discussions regarding this,” One97 Communications Ltd stated in a filing to the exchange.
Notably, the Jio Financial Services also denied engaging in any discussions with Paytm, in a statement made to the exchange.
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This was the third clarification issued by Paytm through exchange filings in just over two days, concerning developments within the company.
Earlier, Paytm denied any investigation by the Enforcement Directorate (ED) into the company, its affiliates, or its Founder and Chief Executive Officer.
Paytm had also refuted allegations regarding investigations or breaches of foreign exchange regulations by the company or its associate, Paytm Payments Bank Ltd.
Amid the ongoing Paytm Payments Bank fiasco, the Jio Payments Bank has been surfacing over the internet with its claims over the savings account benefits.
Jio Payments Bank Limited has commenced operations as a payments bank with effect from April 3, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments banks in India.
The recent message of the Jio Payments Bank in circulation has claimed the savings account benefits on-board like easy account opening, and bill payments through its UPI handle.
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