Tag Archives: Regulatory Challenges

“Paytm Establishes Partnership with New Bank for Uninterrupted Transactions”

Paytm Secures New Banking Partner to Ensure Continuity Amid Regulatory Challenges

In response to regulatory directives from the Reserve Bank of India (RBI), Paytm Payments Bank, a subsidiary of One 97 Communications (OCL) - commonly known as Paytm, has taken proactive measures to navigate through its current operational challenges. The RBI had earlier instructed Paytm Payments Bank to cease accepting fresh deposits in its accounts and wallets by February 29, subsequently extending the deadline to March 15.

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