WION's Business Desk brings you this daily round up of global stories from the world of business and economy. India's inflation prospects stabilise, economy poised for growth: RBI Bulletin The Reserve Bank of India (RBI) has released its February bulletin, painting a picture of stabilising inflation and promising economic prospects for India in 2024.

WION Business Wrap | India’s inflation prospectus, Paytm’s nodal account shift, Walmart’s Q4 results and more

Amid regulatory challenges and uncertainties, Paytm's CEO, Vijay Shekhar Sharma, reaffirmed the continuity of the company's QR code and Soundbox services beyond March 15, providing reassurance to users amidst ongoing concerns.

Paytm assures users: QR Code, Soundbox to remain operational amid regulatory scrutiny

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Capital One to acquire Discover Financial in $35.3 billion all-stock deal, creating payment giant In a significant move set to reshape the financial landscape, Capital One, backed by Warren Buffett, has announced plans to acquire Discover Financial Services in a landmark all-stock transaction valued at $35.

WION Business Wrap | Capital One’s all-stock deal, Paytm to operate QR Codes and Soundbox, and more

India's road tolling authority has excluded Paytm Payments Bank from its list of 32 authorised banks for purchasing FASTags, signalling significant changes for the estimated 20 million Paytm FASTag users.

Paytm Payments Bank excluded from authorised banks list for FASTags: Report

Troubled fintech giant paytm is close to getting an approval to invest in its payments gateway arm. The decision, which has been pending for two years, would give the company some respite amid regulatory troubles. The investment allows paytm to beef up paytm payments services, which processes online transactions.

Investment allows Paytm to beef up payments services

PayTM is facing more trouble as the Employee Provident Fund Organisation (EPFO) has announced that it will block deposits and credits into EPF accounts linked with Paytm Payments Bank.

More trouble for Paytm, EPFO blocks transactions into accounts linked with Paytm Payments Bank

Persistent non-compliance by Paytm with the regulatory guidelines despite nudges over a period of time ultimately led to the stern action against the fintech, the RBI said on Thursday and also made it clear that there are no systemic worries.

Persistent non-compliance led to Paytm action, no systemic worries: RBI

Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter.

Paytm CEO Advised by Government: No intervention in RBI clampdown

In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.

Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.

WION Business Wrap | Paytm’s rising competition, Toyota’s recent profits and more

The Indian fintech pioneer Paytm has been hit hard by the Reserve Bank of India for its “persistent non-compliance” with the central bank’s guidelines. Paytm had already been under the scanner of RBI, but the January 30 decision by the central bank has hit the fintech startup hard.

Will Paytm app work after Feb 29? What will happen to Paytm QR, soundbox, UPI payments? All you need to know

Paytm bank's crisis continues, with an industry body asking merchants to look beyond the digital banking giant for online transactions. This comes after the reserve bank of India ordered a halt to most operations of Paytm's banking arm. Watch to know more!

Paytm Bank's Crisis: Supervisory concerns lead to RBI crackdown on Paytm Payment's bank

Paytm Bank's Crisis: Traders urged to ditch Paytm in wake of RBI's decision

Vijay Shekhar Sharma, the visionary CEO of Paytm, is facing one of the most challenging periods in his entrepreneurial journey. This comes after the central bank of India ordered Paytm's banking arm to halt most of its operations due to "persistent non-compliances" and "supervisory concerns.

Paytm's Peril: CEO Vijay Sharma battles regulatory storm as valuation plummets

Paytm Payments Bank's digital wallet business may not be able to operate after Feb. 29 unless India's central bank approves a transfer of its licence to parent group One 97 Communications (PAYT.NS), opens new tab, two sources directly familiar with the matter said.

Regulatory storm hits Paytm, RBI restrictions prompt industry shift

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Iran's Covert Cash Trail: Lloyds and Santander implicated in global sanctions-evasion scandal Documents obtained by the Financial Times (FT) have exposed how Iran illicitly utilised Lloyds and Santander UK to move money worldwide, forming a vast sanctions-evasion scheme supported by Tehran's intelligence services.

WION Business Wrap | Iran’s convert cash trail, Paytm’s regulatory storm and more

The Reserve Bank of India's action against Paytm payments bank has shaken India's Fintech industry. The central bank's action has raised concerns about regulatory compliance in the industry.

Fintech sector worried in aftermath

Paytm’s stock freefall has got the investors interested. This comes after the Reserve Bank of India took decisive action against Paytm payments bank, imposing stringent restrictions that will significantly impact its services.

Paytm faces setback with RBI restrictions on lending business

Paytm, once hailed as one of India's leading payment platforms, finds itself in a major crisis following the Reserve Bank of India's (RBI’s) directive to halt fresh deposits in its banking unit from March.

Navigating Turbulent Waters: Indian fintech giant Paytm faces unprecedented crisis

The Central Bank of India has imposed new restrictions on Paytm. The curbs will be effective from February 29th. What do they entail? Should you as a user be worried?

Gravitas | New Paytm restrictions explained | How will the curbs affect you?

India's Central Bank has dropped the hammer on Paytm Payments Bank. In a move prompted by supervisory concerns, the central bank has imposed stringent restrictions on the digital banking giant. This means Paytm can no longer accept new deposits, credit transactions, or top-ups in any accounts after February 29th.

Paytm Payments Bank in limbo: India's RBI hits Paytm Payments Bank

India's central bank - the Reserve Bank of India (RBI) - on Wednesday (Jan 31) ordered Paytm Payments Bank (the banking arm of Paytm) to stop accepting fresh deposits in its accounts or popular wallets from March.

Explained | RBI orders Paytm’s banking arm to stop fresh business. What happens next?

As of January 31, the Reserve Bank of India (RBI) has imposed significant business restrictions on Paytm Payments Bank. This includes barring the acceptance of fresh deposits and conducting credit transactions after February 29.

India: RBI enforces major business restrictions on Paytm Payments Bank

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