India’s Paytm is reportedly seeing a string of profitable quarters following some high-profile regulatory issues. Increasing sales and reduced costs have helped the FinTech rebound from those troubles, Bloomberg News reported Thursday (Jan. 29), citing a regulatory filing. The company reported consolidated net income of...
Indian FinTech company Paytm said Tuesday (Aug. 12) that its payments subsidiary received “in-principle” authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator. The firm announced the news in a post on social platform X, saying the in-principle authorization...
India’s government is denying rumors of new fees on the country’s popular instant payment system. “Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading,” the Indian Ministry of Finance wrote in a post on X Wednesday...
Paytm has received a show-cause notice from India’s financial crime-fighting agency. The notice pertains to an alleged violation of India’s Foreign Exchange Management Act, the FinTech said in a statement Saturday (March 1). The alleged violations have to do with Paytm’s acquisition of two subsidiaries...
September 28, 2020
As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). But several years of a regulatory push have combined with […]
April 28, 2020
The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. It has also made them wary of taking on debt because their financial circumstances could...
August 15, 2019
Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. It’s the market that should ignite but stubbornly refuses to. Its...
September 03, 2018
Cash continues to command the loyalties of consumers in India. However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of...
April 26, 2026
Paytm Payments Bank has lost its license following years of regulatory limits on its business. The Reserve Bank of India (RBI) announced Friday (April 24) that it was canceling the license issued to the bank, an off-shoot of Indian FinTech Paytm. “Consequently, Paytm Payments Bank Limited is prohibited from conducting the business of ‘banking’… with […]
January 29, 2026
India’s Paytm is reportedly seeing a string of profitable quarters following some high-profile regulatory issues. Increasing sales and reduced costs have helped the FinTech rebound from those troubles, Bloomberg News...
August 12, 2025
Indian FinTech company Paytm said Tuesday (Aug. 12) that its payments subsidiary received “in-principle” authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator. The...
June 12, 2025
India’s government is denying rumors of new fees on the country’s popular instant payment system. “Speculation and claims that the MDR will be charged on UPI transactions are completely false,...