Page 2 - Paytm Payments Bank

Paytm Payments Bank issues over 450,000 FASTags in December

Paytm Payments Bank on Monday said it issued over 4.5 lakh FASTags in December 2021, registering 11.33 per cent rise as compared to the previous month. Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share. The firm said it issued 4,51,463 FASTags in December 2021 as against 4,05,541 in November, cementing its leadership position in the digital toll payments in the country. "Till now, Paytm Payments Bank has issued a total of 1,24,83,038 out of 4,42,23,583 FASTags issued by all 35 banks together," a company spokesperson said. PPBL has toll collection in over 200 toll plazas across national and state highways. "Users prefer Paytm Fastag, as it's linked to the Paytm Wallet and does not require them to create any separate account. We hope to continue to leverage our technology and banking expertise to offer seamless & convenient toll payments experience," PPBL MD and CEO Satish Gupta said.

Paytm's payments revenue expected to grow 50%-60% in Q4FY22: Sharma

Paytm's revenue from payments, including merchant transfers, is expected to be at around $140 million in the current quarter with a growth of 50-60% on a year-on-year basis

What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status

TMS Ep62: Paytm, JioMart, Q&A with Marc Faber, long & short positions

What is Paytm Payments Bank's 'scheduled' status? Can Mukesh Ambani pull off a Jio in B2B retail? What's Marc Faber's take on financial markets? What are long and short positions? All answers here

Paytm Payments Bank gets RBI approval to operate as scheduled bank

After the announcement, Paytm's share price rose 2.62 per cent to close at Rs 1,594.55 apiece.

Top headlines: Farmers call off protest; WHO advisory on booster shots

Business Standard brings you the top stories on Thursday

Paytm Payments Bank receives scheduled bank status from RBI

With the scheduled bank status, the bank can explore new business opportunities

Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

RBI penalises Paytm Payment Bank and Western Union Financial Services

RBI imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank

Paytm launches India's first FASTag-based facility at Delhi Metro parking

Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments

Paytm's DRHP: User numbers to GMV growth, here're 10 things you can't miss

Paytm continues to have market leadership by transaction volume

Paytm Payments Bank achieves milestone of issuing 10 million FASTags

Paytm Payments Bank on Wednesday said it has become the first bank in the country to achieve the milestone of issuing 1 crore FASTags. According to NPCI, over 3.47 crore FASTags were issued by all banks together till the end of June 2021. Paytm Payments Bank (PPBL) now has close to 28 per cent share as FASTag issuer bank, it said. "In the last 6 months alone, PPBL has equipped over 40 lakh commercial & private vehicles with FASTags. "Besides this, Paytm Payments Bank is also India's largest acquirer of toll plazas for the National Electronic Toll Collection (NETC) program offering an interoperable nationwide toll payment solution," it said in a statement. According to PPBL, 280 out of the total 851 toll plazas across the national and state highways are now using its payment gateway to collect toll charges digitally. "Paytm Payments Bank is also working closely with NHAI for testing and implementing multi-lane free-flow movement using automatic number plate recognition ...

Paytm gateway enables payment from fixed deposit account held with IndusInd

Paytm Payments Bank's customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with its partner bank, IndusInd Bank.

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.

Payments banks' search for right business model

Sandwiched between commercial banks and pure-play payments service providers, payments banks do not enjoy a level playing field

Paytm Payments Bank becomes the largest beneficiary on UPI platform

With 469.84 mn transactions in March it is ahead of the country's largest lender SBI and private lenders such as Yes Bank, ICICI Bank, Axis Bank and HDFC Bank

Paytm Payments Bank registers over 970 million transactions in March 2021

PPBL is also averaging 1 million savings and current accounts a month, and with over 64 million accounts

Paytm Payments Bank leads cashless toll market with six million FASTags

Has now enabled cashless toll payments across 250 plazas in the country

Paytm revenue up 1.4% to Rs 3,629 cr; losses decrease 30% to Rs 2,942 cr

The company's total expenses for the fiscal were reported as Rs 6,226 crore on a consolidated basis

Paytm Payments Bank issues 5 mn FASTags, aims to double in 3 months

PPBL is also enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection (NETC) programme