India’s central bank orders Paytm’s Payments Bank to stop deposits, credit transactions in new penalty

The Reserve Bank of India has directed Paytm’s Payments Bank to cease further deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets after February 29 in new strict penalties after the central bank found the firm to be in noncompliance with an earlier embargo. Wednesday’s move follows the Indian central bank ordering […] © 2024 TechCrunch. All rights reserved. For personal use only....