Photo: Business Standard

Paytm Partners With Piramal Financing Company To Provide Digital Loans

Paytm parent One97 Communications announced to join hands with Piramal Capital & Housing Finance Ltd, aiming for an expansion in the distribution of merchant loans. The amount will be beneficial to the small cities and towns of India, with over 300 Indian branches.  It will also help drive financial inclusion by bringing access to credit to small businesses and retailers, the digital payments firm says in an exchange filing.

Wed, 10 Aug 2022 - 08:51 PM / by Varsha Joshi

Tags: Digital Payments, Paytm, Piramal Finance, loans and interests, Partnership

Courtesy: Fortune India

Digital Payments

Photo: Translate Media

RBI Doubles Payment Bank's Deposit Limit To 2L; Extends NEFT, RTGS

Reserve Bank of India (RBI), on April 7, announced the doubling of the maximum deposit limit to Rs 2 lakhs from Rs 1 lakh in digital payment banks, under the "Guidelines for Licensing of Payments Banks". The limit was extended "to expand their (banks) ability to cater to the needs of their customers." Additionally, it has also extended RTGS and NEFT services to payments bank users.

Wed, 07 Apr 2021 - 02:57 PM / by Nikita Thakur

Tags: RBI, Payments Banks, Digital Payments, Deposit Limit

Courtesy: Live Mint