Advertisement
Published Feb 28, 2024 at 8:25 PM IST

Is it the end of the road for Paytm expansion?

The journey of Paytm Payments Bank Ltd has been eventful. Paytm Payments Bank was formed in 2017 after receiving a license from the Reserve Bank of India (RBI). Initially backed by Softbank and later by Jack Ma, it entered the market with significant financial support and strategic backing.


Despite its early successes, Paytm Payments Bank faced regulatory hurdles related to compliance. Persistent non-compliance led to the RBI halting the onboarding of new customers and deposit acceptance. All transactions, including top-ups and prepaid instruments, were stopped as of March 15.
 

Published February 28th, 2024 at 20:25 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Live & Breaking

Last 1 hr
Last 1 hr
Last 2 hr
Advertisement

Shows

Trending Videos

Whatsapp logo