Delhi HC Orders Telcos to Strictly Regulate Bulk Calls, SMS to Prevent Frauds And Scams
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The Delhi High Court on Wednesday issued an order to all telecom operators in India and the Telecom Regulatory Authority of India (TRAI) to strictly implement regulatory consumer safeguards, in a bid to protect them from the myriad phishing attempts, financial scams and other related frauds. The ruling comes on the back of a writ petition filed at the court by Paytm Payments Bank and its holding company, One97 Communications. The court order asks TRAI and all Indian telcos to strictly restrict the telemarketing sector, in a bid to cut down on an increasing volume of scam calls and financial frauds.
Paytm Payments Bank leads market with 6 million FASTags
January 11, 2021
PPBL has now enabled cashless toll payments across 250 plazas in the country Paytm Payments Bank Ltd (PPBL) on Monday announced that it is the leading issuer of FASTag in the country with over 6 million FASTags, as more citizens avail the service with the government extending the deadline for its adoption.
Paytm FASTag has gained popularity amongst users in the country due to its seamless onboarding and integration process which requires minimum documentation, instant activation and unmatched customer care support. PPBL has now enabled cashless toll payments across 250 plazas in the country, a statement issued by PPBL said.
One 97 Communications Limited, that owns and operates digital payments firm Paytm reported its consolidated revenues for the financial year 2019-20 as Rs 3,629 crore, a 1.4 per cent increase since the last financial year. However, on a standalone basis, it reported a revenue of Rs 3,351 crore, a 1 per cent fall compared to last year. The company further reported a consolidated net loss of Rs 2,942 crore during the same fiscal. This is a 30 per cent decrease from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 6,226 crore on a consolidated basis.
Paytm Payments Bank Outperforms All Important Banks In Terms Of UPI Payments: NPCI Report moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Paytm Payments Bank has the best tech for UPI payments, confirms NPCI report
Mumbai, Dec 21: Paytm Payments Bank Ltd (PPBL), has once again outperformed all major banks in India in terms of the success rate of UPI transactions.
According to the latest report by the National Payments Corporation of India (NPCI), PPBL has the lowest technical decline rate at 0.02 pc among all UPI remitter banks and 0.04 pc among all UPI beneficiary banks.
All other major banks have a way higher technical decline rate of around 1 pc. This confirms the superiority of the in-house technology-infrastructure at Paytm Payments Bank and has been the key reason for its success.