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Paytm Payments Bank customers can use money in wallet till balance available: RBI FAQ

Customers can withdraw or transfer wallet money to another bank account or another wallet up to the balance available, RBI said. ....

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FAQs on Paytm: RBI implies that a sponsor bank will be allowed to step in

This was gleaned from RBI s latest FAQs; market sources told Moneycontrol that the bank names are likely to be announced next week. The stock was up 5 percent today. ....

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UPI payments: Some digital payments to be charged at 1.1%, Know new transactions rules via PayTM, PAYU and other wallets

UPI digital payments to become costlier? Starting April 1, UPI app users will have to pay a transaction fee of 1.1% for digital payments above Rs 2,000. Though, it won’t apply to app-to-app non-merchant transactions. Know about the new UPI payment surcharge applicable on the merchant transactions done via Google Pay, PayTM and other UPI apps. Watch Business Today Visual Story. ....

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