Paytm

30 results about this entity

Period: 01 Aug 2017 - 04 Mar 2024

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Paytm Business Bank fined on money laundering charges

Paytm's banking business has been fined 55 million rupees (about $663,000) by an Indian regulator on money laundering charges.

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Paytm shares plummet on RBI curbs

Indian payments giant Paytm has seen its shares price drop 20% for the second day running - knocking around $2 billion off its market value - after its banking business was hit with strict curbs by the RBI.

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RBI effectively kills off Paytm Payments Bank with fresh curbs

India's central bank has imposed stringet new curbs on Paytm Payments Bank following a critical compliance review by external auditors.

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Paytm Payments Bank fined over KYC lapses

The Reserve Bank of India has fined Paytm Payments Bank about $650,000 for know your customer failings.

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Alibaba sells $126 million stake in Paytm

Chinese e-commerce giant, Alibaba Group, sold a 3.1% stake in the Indian digital payments firm, Paytm, via a block trade on Thursday.

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Paytm plans $103m share buyback after stock price collapses

Indian digital payments giant Paytm is embarking on a share buyback of up to $103 million as it seeks to steady a stock price that has been in freefall since an IPO last year.

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Paytm unveils fraud risk management platform, Pi

Paytm Labs, the advanced R&D division of fintech giant Paytm, has launched Pi, an ML-powered fraud risk management (FRM) platform designed for fintechs, banks and eCommerce marketplaces with high transaction volumes. Pi was developed from scratch at its innovation lab because existing fraud management systems were not fast enough or robust enough to handle the hundreds of millions of decisions required each day by Paytm.

/regulation

RBI bans Paytm Payments Bank from onboarding new customers; orders IT audit

The Reserve Bank of India has ordered Paytm Payments Bank to stop onboarding new customers and to appoint an IT audit firm, citing "supervisory concerns".

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Paytm shares tank on market debut

Shares in Paytm fell by more than 27% on the Indian digital payments giant's market debut.

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Paytm to raise $2.2bn in IPO

Indian digital payments giant Paytm is seeking to raise up to $2.2 billion in an initial public offering.

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UBS in talks to invest $400 million in India's Paytm

UBS is in talks to invest $400 million in Indian digital payments startup Paytm, according to Bloomberg.

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Google briefly pulls Paytm app from Play Store

Google briefly pulled India's hugely popular payments app Paytm from its Play Store on Friday over gambling policy violations.