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REGULATORY SCRUTINY PAYTM
Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
Can you still say Paytm Karo after RBI cancels Paytm Payments Bank licence?The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank. This action follows persistent compliance issues. The b...
Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
What led to PhonePe delaying its IPO? Beyond war, valuation a major concernPhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concerns and geopolitical tensions. The ...
Antfin exits Paytm in Rs 3,800 crore bulk deal. What zero-Chinese ownership means for investorsAntfin’s exit from Paytm marks a significant shift in the company’s ownership structure, eliminating all Chinese shareholding. Antfin (Neth...
Why Ant Financial is reducing its Paytm stake amid rising geopolitical tensionsChinese fintech giant Ant Financial offloads shares worth Rs 2,200 crore in Paytm amid continued stake reduction. The news triggered a sign...
One97 Communications Singapore approves sale of stake in PayPayPaytm's Singapore subsidiary is selling its stake in Japanese payments firm PayPay Corporation, pending approvals. This move is expected to...
Paytm shares rally 5% on getting govt nod for downstream investment in payments armPaytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business....
Paytm shares rally 4% on cutting dependency on payments bankPaytm Share Price: Shares of One 97 Communications, parent company of Paytm, rallied 4% to Rs 420 after Paytm and Paytm Payments Bank agree...
Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutinyPaytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, o...
Paytm issue may be reviewed, scrutiny on Byju's progressing well: ICAIInstitute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may ...
Paytm close to winning approval for investment in payments gateway armThe investment allows Paytm to beef up its arm which processes online transactions. While the investment is less than $12 million, an appro...
SoftBank Vision Fund sold down Paytm stake before shares plungedSoftBank has been offloading Paytm shares regularly since at least November 2022 through last month, according to a Bloomberg analysis of c...
Financial Services Secretary Vivek Joshi states RBI primed to handle Paytm issueFinancial Services Secretary Vivek Joshi clarified that the Reserve Bank of India (RBI) actions against Paytm fall under the RBI's jurisdic...
Not being investigated by ED, no charges of money laundering: Paytm to stock exchangesPaytm parent One 97 Communications said in a stock exchange filing late Sunday that it denies any investigation by the Enforcement Director...
Fintechs fear RBI’s Paytm action to have wider implicationsMany founders and investors took to public platforms to point out that the Reserve Bank of India’s directive has come across as being harsh...
RBI orders halt on Paytm Payments bank transactions: How will customers be affected?RBI orders Paytm Payments Bank to halt deposits and credit transactions post-Feb 29, 2024, citing persistent non-compliance and supervisory...
Paytm buyback to benefit pre-IPO investors: Proxy Advisory Firm"The buyback, even if SES takes the statement of the company with a pinch of salt, that only pre-IPO funds will be used, will allow all inv...