All posts tagged "PayTM"
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671AML / KYCRBI Orders Paytm Payments Bank to Stop Onboarding Clients
The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.
March 19, 2022 -
2.4KAML / KYCIndia to Tighten KYC Rules for Hong Kong, China FPIs
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020 -
632Fintech / RegtechRBI Issues Guidelines Enabling Interoperability Between Payment Systems
E-wallet providers can use the state-backed UPI network to make their wallets interoperable with other payment platforms, which will in time include banks and card networks.
October 17, 2018 -
788Fintech / RegtechXiaomi Seeks Entry to India Payments Market
The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.
August 30, 2018 -
909AML / KYCRBI Probes KYC/AML Compliance at Payments Banks
Paytm and Fino Payments Bank have been barred from accepting new clients due to the RBI's concerns about their adherence to KYC/AML norms.
August 6, 2018 -
635AML / KYC
New KYC Norms a Turn-off for India’s Mobile Wallet Users
Less than half of wallet consumers opted to be KYC-compliant before the 28 February deadline; new KYC norms will force telecom firms to verify customer data using third-parties, taking away their current advantage over other payment firms.
February 22, 2018
