December 20th, 2018
It had been reported that RBI had banned Paytm’s payments bank from opening new accounts and e-wallets in August. Want to know why? We have the answer.
RBI for the first time has disclosed the reasons behind the move. The four reasons! The apex financial authority of India said that the Noida-based company was...
September 17th, 2018The government recently came up with the move of identification of the directors of the companies through KYC and as many as 21 lakh out of 33 lakh directors of companies failed to comply with KYC norms. With this, the government has started the process of de-activating their identification numbers.
The Director Identification Numbers...
June 30th, 2018India’s tax department has now launched the provision of e-PAN occurring immediately. This move is anticipated to bring down the interaction with the department and assist the taxpayers in creating the permanent account number (PAN) without facing any difficulty.
This provision of the tax department is totally free of cost and the...
June 11th, 2018While the mobile wallet industry is emerging at an impressive pace in India, it now is looking actively for the Reserve Bank of India to release interoperability guidelines for the industry.
Notably, RBI's master directions on Mandatory KYC compliance (Issuance and Operation of Pre-paid Payment Instruments) that came in October 2017...
May 23rd, 2018In an effort to encourage digital transition in rural areas of India, Paytm Payments Banks announced a programme named “Paytm AshaKiran” which aims at educating women hailing from the countryside about financial service and therefore create new employment opportunities in less developed regions of India.
The first phase of this...
May 14th, 2018Adding another feature to its Kitty, Digital Payment Major Paytm has come up with an automatic recurring payments feature that will allow recurring, high-value payment and other monthly expenses to happen in an instant.
Titled as "My Payments", the feature enables bank transfers from/to bank account making it easier to make payments...
May 7th, 2018Paytm, the digital payments giant is ready to bring its service to the next level with investment plans of over $745.16 Mn (INR 5,000 crore) in its central business.
In an interview with ET, Founder and CEO of Paytm, Vijay Shekhar Sharma announced that the company is targeting to double the amount of transactions it records every...
April 24th, 2018Paytm Payments Bank has managed to successfully register over 100 million KYC wallets, against the constant campaigning done by the bank about the benefits of the Know Your Customer (KYC) system as announced by the bank on Monday.
The 100M milestone record included both complete (or full) and minimum KYC customers.
Bank has...
April 3rd, 2018Paytm, the Indian payment gateway mammoth, has redesigned its app to make it more user friendly and spontaneous. The application update allows users to personalize the app and provide a better overall experience to the user by displaying the most used ways of customizing the app.
Transferring money is also something that the Paytm...
November 22nd, 2017Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product.
Hike users will have access to the bank?s vast product line including merchant and utility payments, it added.
The SoftBank-backed app, which has over 100 million registered users, saw over 30 per cent month-on-month growth...
October 27th, 2017Mobile wallets will become strong players in the financial ecosystem as the RBI guidelines on prepaid instruments will allow more features like unlimited transfer of funds between a bank account and a wallet, a top official of Paytm Payments Bank said.
Paytm Payments Bank MD-CEO Renu Satti said the RBI guidelines released this month...
April 10th, 2016Trai Chairman R S Sharma Friday said cost of activation of a new mobile connection can virtually come down to zero if electronic KYC of Aadhaar is implemented as authentication will be done digitally.
He said transaction costs are reduced substantially when Aadhaar is used as an authentication tool.
"If you are taking a mobile...
