Paytm launches UPI statement download service
Paytm on Wednesday has announced the launch of a new UPI statement download service.
Paytm on Wednesday has announced the launch of a new UPI statement download service.
This comes after the company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users.
Vijay Shekhar Sharma, founder and Chief Executive Officer (CEO) of Paytm, said on Thursday that the company would focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon".
According to multiple reports citing sources, the SEBI notices also allege non-compliance with promoter classification norms.
The Markets regulator, the Securities and Exchange Board of India (SEBI), will not allow Paytm-like 'contamination' in the stock markets, its Chairperson Madhabi Puri Buch said on Tuesday.
Jefferies Financial Group Inc has dropped coverage on Paytm-operator One 97 Communications Ltd until the news flow around the struggling Indian fintech major “settles down”.
The company issued a release stating that One97 Communications has shifted its nodal account to Axis Bank via an escrow account that it has opened with it.
For the FASTag issued by Paytm Payments Bank, users can continue to use your FASTag to pay toll upto the available balance.
The Reserve Bank of India has further extended the date to stop all transactions for Paytm Payments Bank till March 15 on Friday.
This is the first instance since its listing that the stock has fallen below the Rs 400 threshold.
