The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app...
Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The investigation is focused on determining whether platforms operated by One97 Communications, also known as Paytm, were involved in any unlawful...
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on Thursday (Jan. 12), Reuters reported, citing a source with direct knowledge of the sale. Shares...
A managing partner of SoftBank’s Vision Fund has stepped down from the board at One97 Communications Ltd., which owns Indian payments company Paytm. As Bloomberg reported Tuesday (March 15), Munish Varma resigned from the board Monday over “personal commitments and other preoccupations,” Paytm said in...
March 06, 2024
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by Walmart and Google’s GPay, saw a respective 7% and 6% […]
February 23, 2024
The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments...
February 05, 2024
Paytm, one of India’s leading digital payments firms, is reportedly under investigation by India’s financial crime-fighting agency for potential violations of foreign exchange rules. The investigation is focused on determining...
January 12, 2023
China’s Alibaba Group has reportedly sold half its take in Indian payments firm Paytm. The company sold its 3.1% stake in Paytm for $125 million via a block deal on...
