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.
Interacting with reporters, Governor Shaktikanta Das said the RBI takes action against regulated entities only after a comprehensive assessment.
Meanwhile, the Paytm Payments Bank has also floated a request for proposal (RFP) from external auditors.
The meetings will be held ahead of the release of the frequently asked questions (FAQs) by the RBI.
Amid reports of Jio Financial Services buying the Paytm wallet business, the parent company, One97 Communications Ltd, has denied any such reports.
Days after the Paytm crisis intensified, a group of start-up founders has written to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and the Reserve Bank of India
