SwirlyKoala
SwirlyKoala

Will Paytm Payments Bank make a comeback?

There are internal sources which confirm they had re-initiated conversations with RBI. But I haven't heard anything since then.

22d ago
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Software Engineers
by JazzyBiscuitMoengage

Paytm folks?

What's happening in the company? Is there a comeback plan in action? Are you guys working on shifting the existing merchants to a different bank? Give us some insider infođź‘€

Indian Startups
by SleepyMarshmallowZomato

Paytm gets a shock from RBI

PAYTM Payments Bank essentially asked to shut shop.

Afaik here are the few implications

  1. Stock market will react in a bad way to them
  2. Worst affected are going to be FasTag users who bought from PayTM.
  3. No deposits / credits...
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Top comments
user

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

user

This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...

user

Very bad. This was my everyday bank account for small transactions. Easy to remember account number also

Indian Startups
by DizzyBananaAccount Manager

Adani - Paytm Talks?

How true is this? Can anyone who has inside info from Paytm confirm this? Something similar happened when RBI imposed restrictions in Feb and there were news articles of JioFin acquisition of Paytm. It was later ruled out as rumours.

Ar...

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