Page 15 - Paytm

Paytm gets nod for user migration to new UPI IDs: What this means for you

he National Payments Corporation of India (NPCI) recently gave Paytm the green light to migrate users to specific banks that handle UPI transactions (called PSP banks).

NPCI allows Paytm to start migration of users to PSP bank handles

UPI users with the @Paytm UPI handle can now create new virtual payment addresses or VPAs with partner PSP banks

RBI proposes changes in net-worth guidelines for payment aggregators

The banking regulator has identified two major types of payment aggregators (PAs) as part of the payments ecosystem in the country

Paytm denies deferral of approval or fine on payments services arm

The company added that investor Ant Financial did not have any board representation or special rights

Govt defers approval of Paytm's Rs 50 cr investment in its payments arm

Paytm sought government approval last year for the investment it had already made in its newly established payments gateway arm

Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar

Stocks to watch on Wednesday, April 10, 2024: Seven stocks including Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are in F&O ban today.

Paytm PB MD & CEO Surinder Chawla resigns due to personal reasons

Chawla was appointed as managing director and CEO of Paytm Payments Bank in January 2023 after it received a nod from RBI

Paytm PB's MD, CEO Surinder Chawla resigns on account of personal reasons

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects. He will be relieved from PPBL w.e.f. close of business hours on June 26, 2024, unless changed by mutual consent," One97 Communications, Paytm brand owner, said in a regulatory filing. Chawla joined PPBL in January last year.

Paytm parent approves grant of 91,250 stock options for eligible employees

Paytm parent company One97 Communications on Friday announced approval of grant of 91,250 stock options under ESOP 2019. The Nomination and Remuneration Committee of the company's board has also approved allotment of fully paid-up 2,91,388 equity shares having face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing. It said each stock option (of 91,250 stock under ESOP 2019) is convertible into one fully paid up equity share having face value of Rs 1 each. The exercise price per stock option is Rs 9. The company further said that out of the total equity shares allotted to eligible employees, 2,86,997 equity shares were under One 97 Employees Stock Option Scheme 2019 (ESOP 2019) and 4,391 equity shares under ESOP 2008. These were issued on April 4, 2024, according to the filing. After the allotment, the equity shares capital of the company has increased to over Rs 63.57 crore.

Paytm employees stare at 'voluntary resignations', firm denies layoff buzz

Paytm said the company is undergoing a routine appraisal process involving performance assessments which may lead to 'role adjustments'

Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside

Data from ACE Equity shows that shares of Zomato, Nykaa (FSN-e Commerce), and PB Fintech have surged in the range of 4.6 per cent to 11.4 per cent in one month

Amazon Pay to ramp up Smart Stores service partnership to 150 brands

The company has launched 18,000 Smart Stores in India since its inception in 2019

Paytm UPI: Transactions decline to continue till new customers added

The Reserve Bank of India had mandated Paytm to shift existing users to a new handle after the Paytm Payments Bank was asked to stop transactions after 15 March

Facing problems in closing your Paytm FASTag account? Here's how to do it

After the RBI's ban on PPBL from onboarding new clients and its wallet services, customers have complained of issues in closing their PPBL-linked FASTag accounts

Paytm Payments Bank releases FAQs on refund, closing FASTag accounts

According to the FAQs, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15

Sensex ends 454 pts lower, Nifty holds 22K; Auto, IT, Power shares weigh

Market wrap on March 15, 2024: Mahindra & Mahindra was the major loser among auto stocks, down 5%; Among others shares of oil marketing companies declined up to 6 per cent post fuel price cut.

Paytm gets 5 handles to continue UPI transactions, existing one to continue

Fintech firm One97 Communications, owner of the Paytm brand, has got five handles in partnership with four banks to continue UPI transactions, as per an update on the NPCI website. The company's existing handle @paytm is among the five handles that users can continue using without the need to make any changes at their end. National Payments Corporation of India (NPCI) has approved @paytm and a closed user group UPI handle @ptyes for Paytm in partnership with Yes Bank. NPCI has also approved @pthdfc with HDFC bank and @ptsbi with State Bank of India as a partner. However, these two handles are not active immediately. Paytm spokesperson said users can continue to use @paytm handle seamlessly without the need to make any changes at their end. On March 14, NPCI approved a third party application (TPAP) provider permit for Paytm in collaboration with SBI, Axis Bank, Yes Bank and HDFC bank for continuity of UPI transactions for the company's users. Paytm's UPI transactions were earlier

Paytm gets a lifeline with third-party license: What this means for you

The third-party application provider license will allow Paytm to facilitate payments through the UPI network, akin to how PhonePe and Google Pay operate

Paytm freezes at 5% upper circuit on getting third party license from NPCI

Axis Bank, HDFC Bank, State Bank of India, and YES Bank shall act as PSP (Payment System Provider) banks to the company.

Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon

Stocks to Watch on Friday, March 15, 2024: The Centre has reduced prices of petrol and diesel by Rs 2 per litre, effective from March 15, 6 AM