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16 lut 2024 · Several payment banks could face regulatory action after the Reserve Bank of India (RBI) cracked down on Paytm Payments Bank Limited, reported The Economic Times. As per the report, the Financial Intelligence Unit (FIU) has detected around 50,000 accounts, which do not have proper KYC verification.
18 mar 2024 · Paytm’s point of sale (PoS) terminals for processing card payments are being moved to RBL Bank. This and more in today’s ETtech Top 5. A total of 7,951 shares changed hands on the counter till 11:37AM (IST). Stripe Inc., the fintech, reported a 25% surge in volume last year, surpassing $1 trillion. Its valuation increased to $65 billion.
The banking system in India saw a sharp decline in surplus liquidity due to quarterly advance tax payments and upcoming GST payments. This has led to increased borrowing costs for banks. Analysts expect the liquidity situation to improve by the end of the month as government spending accelerates.
25 kwi 2022 · For India, the growing acceptance of UPI-based mobile payment apps and QR code payments among merchants, combined with the increased use of digital payments during the Covid-19 pandemic helped real-time payments secure 31.3% of total payments transaction volume in 2021.
Fino Payments Bank reports highest-ever quarterly net profit at ₹25 cr in Q4 Money & Banking Paytm clarifies status of licensing process amid recent speculations
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19 gru 2023 · Powered by a remarkable 89 million transactions, India accounted for 46% of all global digital payments, according to ACI Worldwide and Global Data 2023. The simultaneous growth of both cash...
