AjnaLens, a Mumbai-based company that deals with augmented reality, virtual reality and mixed reality solutions, represented India at the Game Developers Conference (GDC) 2024 in San Francisco, USA. The event saw participation from top tech companies including the giants like Meta and Microsoft, between March 18-22. The company which recently rolled out its AjnaXR headset …
The Reserve Bank of India (RBI) had last month restricted Paytm Payments Bank Limited (PPBL) operations, citing “persistent non-compliances and continued material supervisory concerns in the bank” in the audit report. The RBI also asked the PPBL to stop accepting new customers, and deposits, credit transactions, or top ups in customer accounts, wallets, FASTags. Paytm …
Last week, the Reserve Bank of India (RBI) barred Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. The regulatory actions include restrictions that essentially bring Paytm’s deposit operations in payments bank, wallets, FASTags, and National Common Mobility Cards …
Congress spokesperson Supriya Shrinate on Monday questioned the inaction of the Enforcement Directorate (EB) against Paytm Payments Bank—a subsidiary of fintech firm Paytm—despite negative observations by the banking regulator of the country, news agency ANI reported. “What is the Centre’s stand on the issue? Why did the Paytm Payments Bank get a long rope for …
In light of recent discussions surrounding inquiries by the Enforcement Directorate (ED), Paytm Payments Bank clarified that no probe against Bank or One97 Communications Ltd by the probe agency. “One 97 Communications Ltd and Paytm Payments Bank operate with the highest ethical standards. We can confirm that neither we nor OCL’s founder-CEO have been the …
Paytm founder Vijay Shekhar Sharma said that the app would continue to operate beyond February 29 as he allayed user concerns after Reserve Bank of India’s (RBI) action. Taking to X (formerly Twitter), Vijay Shekhar Sharma said, “To every Paytmer, Your favourite app is working, will keep working beyond 29 February as usual. I with …
Paytm, the leading fintech company in India, has recently introduced two innovative devices for Indian users. One of these devices is the Paytm Pocket Soundbox, a compact device that can easily fit in a pocket and is as small as a debit card. This device is designed to provide instant audio payment alerts to merchants …