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RBI grants scheduled bank status for Paytm Payments Bank

Paytm Payments Bank on Thursday said it has been given the scheduled bank status by the Reserve Bank of India. The bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934 and the approval will help it to bring more financial services and products. With the scheduled bank status, the bank can explore new business opportunities, including
Satish Kumar Gupta Paytm Payments Bank On Paytm Payments Bank Reserve Bank Second Schedule India Act

Paytm to equip 50 lakh merchants with IoT devices to ease payments acceptance

Highlights Paytm had recently announced that it has achieved over 1.2 billion monthly transactions led by the massive growth in offline payments and financial services. The company has already facilitated payments acceptance via wallets, UPI, cards and net-banking for over 2 crore merchants, thereby helping them grow their business exponentially, he added. Merchants can also use the device to fetch the payment summary for the entire day, and also notifies when it is running out of charge. Digit...
Dilip Asbe Vijay Shekhar Sharma Group Country National Payments Corporation Of India Shekhar Sharma Group Country Manager
Source: india.com

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