In recent years, India has witnessed a remarkable transformation in consumer payment choices. Debit cards, once the preferred option for most Indians, are gradually losing dominance. In contrast, credit cards are steadily gaining traction, propelled by the growing spending...
Paytm's troubles seem far from ending following the RBI's ban on its Paytm Paytments Bank earlier this year. The shutdown of its wallet business has compelled the fintech giant to implement restructuring and cost-cutting measures, resulting in sudden mass...
As technology adoption has surged over the past decade, so has the number of banking fraud cases in India. This is evident in the latest annual report released by the Reserve Bank of India (RBI). In fiscal 2024, the...
User complaints can have severe repercussions for any B2C business, particularly operating in the fintech sector where daily financial transactions are the norm. Paytm Payments Bank, owned by One97 Communications, has reportedly witnessed a massive surge in customer complaints...
One97 Communications Ltd (OCL), the parent company overseeing all Paytm entities, has officially disclosed a restructuring plan for the Paytm Payments Bank (PPBL) Board. This strategic move involves the departure of the visionary founder, Vijay Shekhar Sharma, from his...
The ban imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank turned out to be just the opening act of a regulatory drama for Vijay Shekhar Sharma-led One97 Communications. Compounding the challenges, the Indian Highways Management...
Paytm, once anticipated to be India's most successful IPO in corporate history, is currently grappling with a substantial downturn in its market performance. Today, on February 13, 2024, the fintech company's stock declined 10%, reaching a historic low of...
Challenges continue to mount for Paytm, India's fintech giant, with no immediate relief in sight. Despite the company's attempts to appease the Reserve Bank of India (RBI), Governor Shaktikanta Das has declared "hardly any room for review" regarding the...
Following the RBI's ban on Paytm Payments Bank's services, the share of One 97 Communications fell another 10% on Monday, February 5, 2024, settling at an all-time low at Rs 438.5 since listing. The regulatory challenges intensified with allegations...
RBI's recent decision to cease Paytm Payments Bank Limited (PPBL) from offering its banking services to customers has faced harsh criticism from many seasonal entrepreneurs and investors. In response, Paytm issued a press release, expressing anticipation of a worst-case...
