Paytm Updates News Today

The stock dipped 4 per cent to Rs 388 on both the BSE and NSE. The company's market valuation eroded Rs 463.84 crore during the morning trade.

Paytm is looking to migrate UPI payments to four banks and is eyeing TPAP status before March 15. This would help Paytm settle UPI transactions once it gets the third-party app provider licence, reports suggested.

Paytm said PPBL's future business would be led by a reconstituted board, which would be led by ex-Central Bank of India Chairman Srinivasan Sridhar and retired IAS Debendranath Sarangi, among others

Paytm target price: Bernstein said it would have liked to see more details such as what merchants need to do to continue using these payment solutions, if any (a re-KYC).

The RBI is expected to issue some clarification in the Paytm case, considering its user base and reach. Financial services secretary Vivek Joshi hinted at the move, adding that the RBI had taken the present step in the interest of consumer protection.

At a presser on the MPC policy review, the RBI said the clampdown on Paytm Payments Bank was a result of persistent non-compliance of the regulator's norms. RBI Deputy Governor Swaminathan J said that they were monitoring Paytm Payments Bank and "will take suitable steps as warranted going forward".

Paytm rivals PhonePe, BHIM and Google Pay are seeing a surge in app downloads as consumers look for alternative digital payment services

Deepak Shenoy clarified that he was not against the RBI censuring Paytm, but this is needlessly disruptive and takes away confidence.

We started early evening and this selfie was taken post 11 pm. At this hour all are enthusiastically discussing making India the most powerful startup nation in the world, Paytm founder Vijay Shekhar Sharma said.

Vijay Shekhar Sharmas comments on artificial intelligence (AI) affecting human jobs come days after Paytm laid off more than 1,000 employees following the implementation of AI technology to improve efficiency.