PAYTM MAY HAVE to face hurdles when it comes to forming partnerships for its Paytm Payments Bank (PPB) accounts as lenders are unsure about taking them over, senior bankers told FE.
For most banks, it is a question of reputational risk besides being unsure about the quality of accounts. They would rather wait for a green signal from the Reserve Bank of India (RBI) or some other regulatory comfort before going forward.
After the RBI last week barred it from undertaking any banking activities after February 29, One97 Communication, the parent of Paytm, is looking to transfer all its PPB accounts to other banks. The fintech firm is also trying to ensure that while the back-end banker changes, merchants and customers continue to stay with the Paytm app.
Bu hikaye Financial Express Mumbai dergisinin February 06, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin February 06, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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