9 months after the RBI forbade Paytm from adding new users to its UPI platform, the fintech company has now finally received the NPCI's approval to onboard new UPI users.  What does this mean for the company? Watch the video to find out.


9 months after the RBI forbade Paytm from adding new users to its UPI platform, the fintech company has now finally received the NPCI's approval to onboard new UPI users.

Paytm can onboard new UPI users. Could this be the big turnaround for Paytm?

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The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.
They said the statement of the 34-year-old was recorded under the Prevention of Money Laundering Act (PMLA), and it is expected to continue on Saturday.
The ED probe is related to Yes Bank. The bank, as per the officials, had an exposure of about Rs 6,000 crore to Reliance Anil Dhirubhai Ambani Group (ADAG) as on March 31, 2017 and this figure doubled to Rs 13,000 crore within a year (as on March 31, 2018).
The companies included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
A "large" portion of these investments turned into non-performing investments (NPI) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the agency had alleged.
Ambani senior too has been questioned by the ED in an alleged bank loan fraud case against the

The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.

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Paytm can onboard new UPI users. Could this be the big turnaround for Paytm?

9 months after the RBI forbade Paytm from adding new users to its UPI platform, the fintech company has now finally received the NPCI's approval to onboard new UPI users. What does this mean for the company? Watch the video to find out.

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