Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

This post is by Manish Singh from TechCrunch

Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from conducting nearly all of its business activities due to supervisory concerns. The Noida-based financial services firm said it expects its loan distribution, insurance distribution […] © 2024 TechCrunch. All rights reserved. For personal use only.