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Tech Crunch – India’s central bank slaps Paytm with new curbs

Posted on January 31, 2024

The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from accepting deposits, credit transactions, top-ups in customer accounts, prepaid instruments and wallets as well as many banking services after February 29. Wednesday’s move follows the Indian central bank ordering Paytm Payments Bank […]

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