Page 9 - Paytm Payments Bank

Top headlines: Feb inflation rises to 6.07%; Chandra named AI chairman

Business Standard brings you the top headlines on Monday

RBI punished Paytm Payments Bank for data leaks to Chinese firms: Report

Annual inspections by RBI found that the company's servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, says a source

Taking immediate steps to comply with RBI directions: Paytm Payments Bank

This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017

RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit

The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold

Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief

Here are the top headlines on Friday

Paytm Payments Bank issues over 450,000 FASTags in December

Paytm Payments Bank on Monday said it issued over 4.5 lakh FASTags in December 2021, registering 11.33 per cent rise as compared to the previous month. Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share. The firm said it issued 4,51,463 FASTags in December 2021 as against 4,05,541 in November, cementing its leadership position in the digital toll payments in the country. "Till now, Paytm Payments Bank has issued a total of 1,24,83,038 out of 4,42,23,583 FASTags issued by all 35 banks together," a company spokesperson said. PPBL has toll collection in over 200 toll plazas across national and state highways. "Users prefer Paytm Fastag, as it's linked to the Paytm Wallet and does not require them to create any separate account. We hope to continue to leverage our technology and banking expertise to offer seamless & convenient toll payments experience," PPBL MD and CEO Satish Gupta said.

Paytm's payments revenue expected to grow 50%-60% in Q4FY22: Sharma

Paytm's revenue from payments, including merchant transfers, is expected to be at around $140 million in the current quarter with a growth of 50-60% on a year-on-year basis

What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status

TMS Ep62: Paytm, JioMart, Q&A with Marc Faber, long & short positions

What is Paytm Payments Bank's 'scheduled' status? Can Mukesh Ambani pull off a Jio in B2B retail? What's Marc Faber's take on financial markets? What are long and short positions? All answers here

Paytm Payments Bank gets RBI approval to operate as scheduled bank

After the announcement, Paytm's share price rose 2.62 per cent to close at Rs 1,594.55 apiece.

Top headlines: Farmers call off protest; WHO advisory on booster shots

Business Standard brings you the top stories on Thursday

Paytm Payments Bank receives scheduled bank status from RBI

With the scheduled bank status, the bank can explore new business opportunities

Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

RBI penalises Paytm Payment Bank and Western Union Financial Services

RBI imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank

Paytm launches India's first FASTag-based facility at Delhi Metro parking

Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments

Paytm's DRHP: User numbers to GMV growth, here're 10 things you can't miss

Paytm continues to have market leadership by transaction volume

Paytm Payments Bank achieves milestone of issuing 10 million FASTags

Paytm Payments Bank on Wednesday said it has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. According to NPCI, over 3.47 crore FASTags were issued by all banks together till the end of June 2021. Paytm Payments Bank (PPBL) now has close to 28 per cent share as FASTag issuer bank, it said. "In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags. "Besides this, Paytm Payments Bank is also India's largest acquirer of toll plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution," it said in a statement. According to PPBL, 280 out of the total 851 toll plazas across the national and state highways are now using its payment gateway to collect toll charges digitally. "Paytm Payments Bank is also working closely with NHAI for testing and implementing multi-lane free-flow movement using automatic number plate recognition ...

Paytm gateway enables payment from fixed deposit account held with IndusInd

Paytm Payments Bank's customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with its partner bank, IndusInd Bank.

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Payments banks' search for right business model

Sandwiched between commercial banks and pure-play payments service providers, payments banks do not enjoy a level playing field