Ppbl

The company’s ubiquitous soundbox and lending platform under the direct selling agent model is expected to scale up rapidly. Most analysts believe that the worst is behind the fintech

Five management lessons for aspiring fintechs from Paytm Bank fiasco

Had PPBL played by the book, Vijay Shekhar Sharma could perhaps have built a pan-India bank riding on the popularity of the Paytm brand and tapping the government’s fintech push. In that sense, it is a wasted opportunity.

Paytm Payments Bank clash with auditor over financial viability amid regulatory curbs: Report

The central bank banned PPBL from accepting new deposits starting March 15 due to the bank's failure to comply with KYC guidelines, which require face-to-face verification and the collection of officially valid documents.

Paytm's market share in bill payments drops by 3 percentage points in 2 months

Paytm’s loss of bill payment market share also mirrors the situation the company finds itself in UPI payments as well. The company has lost five percentage points in market share in the last year

Why Paytm President and COO Bhavesh Gupta resigned

Sharma is likely to be more hands-on and will closely monitor every single business division of Paytm until things go back to where they were during Q2 of the last financial year

Worried Paytm Payments Bank employees turn job hunters ahead of RBI deadline

Increase in work load, fear of bank losing licence and shifting of many employees from backend IT operations to the QR code division, which requires visiting merchants on ground, among reasons.

Yes Bank, Axis Bank go live on Paytm's UPI platform

The RBI's deadline for Paytm Payments Bank Limited to stop all banking operations runs out today. PPBL was acting as the backend bank powering Paytm's UPI payments until now

Banking Central | Will Board reshuffle help Paytm Bank to stay in the game?

The ongoing saga between PPBL and the RBI underscores the complexities of fintech regulation and the imperative for robust compliance frameworks. As stakeholders navigate this turbulent terrain, the repercussions of PPBL's regulatory challenges reverberate throughout India's banking landscape.

Payments bank controversy hits Paytm’s UPI market share, drops to 11% in February

From March 15, Paytm will have to function as a third-party application provider just like rivals PhonePe and Google Pay and not as a payments bank app. The transition will likely see a further drop in market share

Why Paytm is likely to require Paytm Payments Bank's services even after March 15

Despite the announcement from Paytm on cutting all ties with its associate company PPBL, the fintech firm is still dependent on the payments bank in multiple ways

Paytm Payments Bank board rejig unlikely to sway RBI, say bankers

Paytm’s efforts to mollify the regulator is being seen as an attempt to buy time beyond the March 15 deadline. Migration of merchants is taking more time than expected, with several banks worried about redoing KYC of crores of subscribers

Merchant loyalty to Paytm intact despite the payments bank setback, says Datum survey

According to a large survey of 2,000 people done by Datum Intelligence, 80 percent of the merchants said that they are either staying or waiting for more information before shifting. Only 13 percent planned to shift to competitors

Banking Central | End of the road for Paytm Payments Bank?

With the crackdown on Paytm Bank, the RBI has sent out a clear message to fintechs that no matter how big a company is, non-compliance with rules isn’t an option. And that the regulator won’t hesitate to pull the plug

RBI consults NPCI, NETC, BBPS ahead of FAQs on Paytm to minimise consumer disruption

The FAQs on Paytm is not likely to offer any indemnity for banks taking up the PPBL accounts. RBI is also not expected to specify its approval or disapproval of banks making any business decisions to work with PPBL

Paytm to transfer wallet business to payments bank

Noida based Paytm will hive off its wallet business to the newly-incorporated Paytm Payments Bank Limited (PPBL) after receipt of necessary RBI approvals. E-commerce business will be run by a separate entity.