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India Business News: Discover the latest data on the decline in Paytm app downloads and the rise of PhonePe. Get insights on the impact of RBI's directive on Paytm Payments Bank.
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Paytm Payments Bank is facing a decline in app downloads after the Reserve Bank of India issued an order restricting the bank from accepting fresh deposits or top-ups. Competitors such as PhonePe, Google Pay, and BHIM app have seen an increase in app downloads since the order.
The Samman RuPay Credit Card will offer the benefits of a traditional credit card with the advanced features of UPI, creating a seamless financial tool, IndusInd Bank said.
An NPCI circular said that UPI members can go live with the UPI Tap and Pay functionality by January 31, 2024