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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While the payments bank’s new board tries to impress RBI by scrubbing all links with its parent and founder, the regulator may well be biding its time before it pulls the plug.
Paytm Payments Bank is on a knife-edge.
It has been over a month since sweeping sanctions kicked in for what the Reserve Bank of India described as the bank’s “persistent non-compliance”. These include stopping all new banking activities such as accepting deposits in customer accounts, issuing prepaid instruments such as wallets and FASTags, and processing UPI and bill payments. In short, all business activities at the bank have been put on halt since 15 March.
Paytm Payments Bank, meanwhile, has been ramping up efforts to allay the central bank’s concerns. One of its first actions has been to reconstitute its …
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
