Paytm Payments Bank

Realme · Mar 19, 2020

I personally believe that Zero MDR should be a thing if they want to move people to digital but zero MDR should only be brought when there is a government/multi-party independent not-for -profit transaction handler with massive backend support rendering Paytm or any other "sole" payment merchant a fancy GUI with UX/usage perks.(In a simpel view, things might be more complicated than that)

Sushubh · Aug 18, 2020

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Wait. They didn't support remittance until now?

amish · Aug 18, 2020

Taking Binod next level!

minuteman · Oct 20, 2021

RBI imposes ₹1 crore penalty on Paytm Payments Bank

The central bank also imposed a fine of over ₹27 lakh on cross-border in-bound service operator Western Union Financial Services Inc (WUFSI)

www.livemint.com

Navjot Singh · Oct 20, 2021

Time to ban Western Union next? Coz that seems to be the RBI's favorite job these days.

Sushubh · Mar 11, 2022

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Jonas · Jan 20, 2023

I was making a payment using Paytm bank today at the fuel station and after putting in the code, rather than making the payment it initiated UPI reset (which I never set in the first place for Paytm bank). Leaving me with no option but to use some other bank to make the payment via UPI. Bear in mind that it actually worked half an hour before all this to make a Rs. 20 payment.

I was trying to avoid small charges on my statement by using the balance I have in my Paytm bank account.

Sushubh · Oct 13, 2023

RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank

The central bank also found non-compliance with certain provisions related to 'RBI Guidelines for Licensing of Payments Banks', 'Cyber security framework in banks' and 'Securing mobile banking applications including UPI ecosystem'.

www.deccanherald.com

Sushubh · Oct 21, 2023