It held a 17.5% stake in Paytm in September 2022 later it trimmed its ownership through multiple open market deals. After this sale, the company s stake in Paytm’s parent One97 Communications went down to 2.83 percent from 5.01 per cent earlier.
Paytm app Latest News: While the Paytm Payments Bank cannot accept further credits into its customer accounts and wallets after March 15, 2024, RBI has issued additional steps which are necessary to ensure seamless digital payments by UPI customers using Paytm handle operated by the Paytm Payments Bank, and minimise concentration risk in the UPI system by having multiple payment app providers.
Paytm Payments Bank Ltd has been removed from NHAI s approved list of Fastag providers. Users must deactivate their Paytm Fastag and obtain a new one from the 32 banks listed on NHAI s website or through the "My FASTag" app. Visit NHAI s official website for more details.