Payment giant Paytmโs transaction processing arm Paytm Payments Bank was recently directed to not take on new customers over the companyโs failure to comply with rules about data. In addition, Paytm Payments Bank also didnโt verify its customers properly, annual inspections by Indiaโs central authority the Reserve Bank of India found. It turns out that Paytm was also allowing its servers to share information with entities based out of China. These included ones that indirectly had a stake in Paytm Payments Bank. In this episode of the Business Tit-Bits, our Business editor Mr Akhilesh Bhargava shares his take on the matter.
#PayTM #RBI #China #HWNews #UPI #OnlinePayments #PayTMPaymentsBank
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