Paytm Transactions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

RBI issued a clarification that the recent directives will affect the Paytm Payments Bank and not the app.

Paytm is in talks with three banks - HDFC Bank, Axis Bank and Yes Bank - that can take on the payments and settlements load from Paytm Payments Bank. However, the process is yet to start since the Reserve Bank of India has not said anything yet.

RBI said the comprehensive system audit report and subsequent compliance validation report of the external auditors revealed persistent "non-compliances" and continued material supervisory concerns in the Paytm bank, warranting further supervisory action., Business News, Times Now

Amid reports by several media outlets that Paytm would charge users extra amount for digital transactions on its platform, the Indian e-commerce wallet company on Monday issued a clarification, refuting the same.

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. Digital payments major Paytm on Tuesday launched a new version of its 'Soundbox' along with other solutio...