asmit

Union Minister Rajeev Chandrasekhar supports RBI’s measures against Paytm Payments Bank, emphasises legal compliance, warns about consequences of non-compliance and highlights the ‘genetic flaw’ of entrepreneurs and startups in the fintech sector operating in the digital economy. Contrary to the perception that the RBI’s action against PPBL has unsettled the fintech sector, Chandrasekhar disagreed, stating …

Entrepreneurs and startups have this ‘genetic flaw’: IT minister Chandrasekhar on Paytm Payments Bank Read More »

With declining options and increasing business risks, the company faces a scenario where revenue growth may decelerate, margins could come under pressure, and losses might widen.

To retain the mobile wallet functionality within the Paytm app, One97 Communications, the parent company of Paytm, would need to submit a fresh application to the RBI for a prepaid payment instrument licence.

Bitcoin’s m-cap increased to $1.027 trillion in the last 24 hours. The token’s dominance is currently 51.81%, according to CoinMarketCap. BTC volume in the last 24 hours fell 13.3% to $18.6 billion. Altcoins like Polygon and Internet Computer rose 6% and 9%, while Solana, Dogecoin, Shiba Inu, Toncoin, Polkadot, and Cardano gained up to 2%.

Decentralised crypto exchange FixedFloat has confirmed a hack that resulted in the theft of Bitcoin and Ether worth at least $26 million. The exchange team confirmed the attack shortly after it was originally reported on X. Initially, the team attributed the massive outflows to “minor technical problems” and put its systems on maintenance.

At the biggest US crypto exchange, Coinbase Global Inc, net consumer transaction revenue rose 60% in the fourth quarter from the year-ago period, and 80% over the third quarter, according to shareholder letter released Thursday. At Robinhood Markets Inc., which reported on Tuesday and is focused on retail users, crypto notional volumes in December jumped …

Small investors starting to tiptoe back into crypto Read More »

P. Vasudevan, an executive director at the Reserve Bank of India (RBI), stated that cryptocurrencies lack underlying value and therefore cannot be considered as currencies. The RBI has expressed concerns about cryptocurrencies like Bitcoin, citing potential systemic risks to financial systems. The government needs to decide on how to address cryptocurrencies.

The position of the finance chief at Paytm Money had been vacant since April 2023, when Amit Kapoor left the firm after a nearly three-year stint. Mewada, who joined the company in the last week of January, was earlier the deputy CFO at ICICI Securities. Read on to know more:

Paytm customers are worried about whether they can use the Paytm wallet or Paytm QR code after the deadline of the Reserve Bank of India (RBI) ends. A large number of customers and businesses rely on various services of Paytm for their day-to-day needs. What services will be allowed for Paytm customers after RBI deadline …

Paytm QR code, Paytm wallet, autopay, FASTag: What is allowed, what isn’t after RBI deadline of March 15? Read More »

The regulator also extended the deadline for customers to make deposits and credit transactions in the bank till March 15. In a detailed document, the RBI elaborated on what this move means for customers using Paytm Payments Bank for receiving salaries, paying EMIs and more. Read on to know more: