Reserve Bank Of India

Paytm CEO Forecasts Profitability in Under a Year
Paytm CEO Forecasts Profitability in Under a Year
December 20, 2023  |  Digital Payments

Paytm is reportedly overhauling its wealth management operations as the FinTech aims to fast-track profitability. Part of the plan also involves the Indian company hiring more than...

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Indian FinTechs Struggle After Crackdown on Unsecured Loans
Indian FinTechs Struggle After Crackdown on Unsecured Loans
December 18, 2023  |  Loans

India’s recent crackdown on unsecured consumer loans has reportedly placed increased pressure on FinTech lenders. The Financial Times (FT) examined the state of companies such...

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Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
Paytm Stock Drops 20% After Downgrade for Scaling Back Loan Sizes
December 07, 2023  |  Loans

 Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock.  The Indian FinTech had announced earlier...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Legal & Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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UPI Adds Voice Payments to Expand Financial Inclusion
UPI Adds Voice Payments to Expand Financial Inclusion
September 11, 2023  |  Banking

India is preparing to add a voice-enabled feature to its Universal Payments Interface (UPI) system. But are the country’s bankers speaking the same language? A report Monday (Sept. 11)...

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India’s Hitachi Unveils Country’s First UPI-ATM
India’s Hitachi Unveils Country’s First UPI-ATM
September 05, 2023  |  Digital Payments

Hitachi Payment Services has debuted what it calls a first-of-its-kind cardless ATM in India. Announced Tuesday (Sept. 5), the company’s new offering is being rolled out in...

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India Uses AI to Bring Voice-Activated Mobile Payments
India Uses AI to Bring Voice-Activated Mobile Payments
August 20, 2023  |  Artificial Intelligence

India is using artificial intelligence (AI) to expand digital payments to rural areas. As the Financial Times (FT) noted in a report Saturday (Aug. 19), while...

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Paytm Founder Buying 10% Stake in Company From Ant Group
Paytm Founder Buying 10% Stake in Company From Ant Group
August 07, 2023  |  Partnerships

The founder of Indian eCommerce and payments firm Paytm is now reportedly also its largest shareholder. Paytm Chairman Vijay Shekhar Sharma is set to purchase a 10.3% stake worth...

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MoneyGram Receives Final Regulatory Approval for Previously Announced Sale
MoneyGram Receives Final Regulatory Approval for Previously Announced Sale
May 04, 2023  |  Partnerships

MoneyGram has received the final regulatory approval needed for its sale to Madison Dearborn Partners. Having received approval from the Reserve Bank of India, the...

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