The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, Paytm’s parent company. Notice is over alleged Foreign Exchange Management Act (FEMA) violations amounting to Rs 611 crore. The allegations relate to investment transactions between 2015 and 2019, including Paytm’s acquisition of Little Internet and Nearbuy India. The company is currently reviewing legal […]

The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of manufacturing and fintech startups in India. As part of this collaboration, Paytm will provide mentorship, infrastructure support, market access, and funding opportunities to […]

In a significant move towards facilitating seamless travel for Indian citizens, Paytm has announced that its users can now make UPI payments at select international locations. The New Paytm’s UPI feature covers countries such as UAE, Singapore, France, Mauritius, Bhutan, and Nepal. The feature enables Indian travelers to conduct cashless transactions abroad. In Which International […]