Paytm Payments Bank

Paytm Payments Bank becomes 1st to launch UPI LITE feature

UPI LITE Paytm Payments Banks Limited (PPBL) has launched Unified Payments Interface (UPI) LITE, enabled by National Payments Corporation of India (NPCI) for multiple small-value UPI transactions. This feature will help with faster real-time transactions with a single click through...

Paytm Bank Gets RBI nod to Operate as Bharat Bill Payment Operating Unit

Paytm Payments Bank said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services...

Paytm bank gets RBI nod for Surinder Chawla as new CEO

Paytm Payments Bank Paytm Payments Bank has received banking regulator RBI's nod to appoint Surinder Chawla as its Managing Director and CEO. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. Before joining PPBL, Chawla was...

Paytm Payments Bank receives RBI observations on IT report

Paytm Payments Bank (PPBL) management has received an RBI-mandated IT auditors report and the central bank’s observation on it, more than six months after it was asked to pause onboarding new customers. Bank Maha Pack includes Live Batches, Test Series,...

Deependra Singh Rathore named as Interim CEO of Paytm Payments Bank

Paytm Payments Bank has appointed Deependra Singh Rathore as the interim Chief Executive Officer (CEO), in addition to his role as Chief Product & Technology Officer. CEO Satish Gupta is retiring this month. The bank will announce the new full-time...

Paytm Payments Bank became most preferred UPI beneficiary bank in India

Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Beneficiary banks...

Paytm Payments Bank tie-up with MoneyGram to enable international fund transfer

Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet. Under the Partnership, MoneyGram users abroad can now transfer money to any full Know Your Customer (KYC)-compliant Paytm wallet. MoneyGram...

Paytm Payments Bank receives scheduled bank status from RBI

Paytm Payments Bank has been given the scheduled bank status by the Reserve Bank of India. The bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934 and the approval will help it to...