RBI
Brief
Customer Frustration Rising at Paytm Payments Bank: 150x YoY Surge in Complaints
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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...
Brief
Will Vijay Shekhar Sharma’s Exit From Paytm Payments Bank Ease Tensions with the RBI?
Dazeinfo -
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...
Brief
Over 20 Million Paytm Users in Limbo as Fastag Ban Sparks Chaos
Dazeinfo -
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...
Brief
Paytm Shares May Plunge to Rs 275 As Brokerage Firms Forecast Bleak Future
Dazeinfo -
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...
Brief
Mounting Challenges for Paytm: RBI Maintains Grip, “No Room for Review” on Banking Curbs
Dazeinfo -
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...
Brief
Paytm Stock Crashes to All-Time Low Since Listing: Analysts Predict Long-Term Pain
Dazeinfo -
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...
Brief
Paytm In Damage Control Mode: Unveils Pivot Plan After RBI Ban
Dazeinfo -
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...
Brief
A Big Blow to Paytm: RBI Restricts All Banking Services on Paytm Payments Bank
Dazeinfo -
In a significant blow to Paytm, the Reserve Bank of India (RBI) has initiated stringent restrictions on Paytm Payments Bank Ltd (PPBL), preventing it from providing any banking services to customers after February 29, 2024. This regulatory move, considered...
Brief
Paytm Postpaid Hits Pause: Regulatory Hurdles and Partnership Fallout Dampen BNPL Sector
Dazeinfo -
Paytm, one of India's leading fintech giants, has hit the pause button on its buy-now-pay-later (BNPL) service, Postpaid, for new users. This unexpected move comes amidst a cautious atmosphere among lending partners, stemming from the Reserve Bank of India's...
Brief
A Year of RBI Ban: Paytm, Razorpay Embracing New Revenue Streams
Dazeinfo -
In a significant regulatory move last year, the Reserve Bank of India (RBI) imposed a ban on major payment aggregators like Paytm, Razorpay, Cashfree, and PayU from onboarding new merchants and businesses. Initially presumed to be a short-lived setback,...
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Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions
Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...
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