PAYTM METRO CARD
6 big deadlines, rule changes in July 2024: Credit card rule changes, Paytm wallet, ITR deadline
Money changes in July: With July fast approaching, it's essential to keep track of upcoming money deadlines and rule changes. Here is a look at five money-related changes and deadlines in July.
SBI Credit Cards rule change: Reward points not applicable on 22 credit cards for government transactions from July 15
SBI Card announced that accrual of reward points on government related transactions will be discontinued for certain credit cards from July 1, 2024. List of SBI Credit Cards where reward points will not be applicable on government related transactions.
NCMC card users for metro travel issued by other banks also facing recharge glitches due to restriction on Paytm Payments Bank
National Common Mobility Card: An official spokesperson from Mumbai Metro One Private Limited (MMOPL) told: "Due to recent restrictions by RBI on Paytm (our earlier NCMC partner), recharging of NCMCards is temporarily not available. However, we have made necessary arrangements for acceptance of all NCMCards for travel. One can travel in Mumbai Metro Line-1 using any NCMCard."
Can you use Paytm card for metro, bus travel after March 15? Recharge, balance transfer other queries explained
The Reserve Bank of India has extended Paytm Payments Bank's wind-down deadline by 15 days to March 15, 2024, considering customer needs amid regulatory concerns. After this date, no more deposits or transactions will be allowed in customer accounts or associated instruments. Users holding NCMC cards for metro and bus travel from Paytm Payments Bank can continue using them until depleted, but cannot add funds after March 15. They're advised to switch to other providers beforehand to avoid inconvenience.
RBI eases rules for centre’s mobility card after limited success
The National Common Mobility Card can be used by commuters for payments at metros, buses, road toll plazas and fuel stations. Eventually, commuter trains linking suburbs to big cities are also expected to be brought into the fold.
Binny Bansal raises bets on investments; 9% avg salary hike for IT industry
Happy Monday! Flipkart cofounder Binny Bansal is doubling down on his investments in new ventures, including his own startup OppDoor. This and more in today’s ETtech Morning Dispatch.
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Regulatory actions prompt rethink among fintechs; and other top startup stories this week
Fintech industry faces regulatory challenges, affecting players like Paytm Payments Bank. Market dynamics shift with increasing regulatory scrutiny. Fintech startups adapt to changing landscape and consumer-focused regulations, emphasizing compliance and strategic recalibration.
How India and Bharat shop for goods online: A look into the carts
Online shopping trend expands beyond metros due to growing digital literacy and internet connectivity. PwC report identifies key differences in preferences of online shoppers in big cities and small towns. Urban dwellers prioritize prompt delivery services for instant gratification at a premium price in urban areas.
RBI's Paytm bank extension with riders; Mumbai a startup hub?
More payment banks are likely to face regulatory action on allegations of money laundering, following the recent RBI crackdown on Paytm. This and more in today's ETtech Top 5.
Will your Paytm-linked FASTag work after March 15? All your queries answered
The Reserve Bank of India (RBI) on Friday issued a set of FAQs relating to the Paytm Payment Bank crisis. The central bank also said that the FASTag linked with Paytm Payment Bank can be used only till March 15, 2024.
Paytm Payments Bank: The controversies and challenges ahead for India's fintech poster boy
The RBI's action prohibits the bank from accepting further deposits, conducting credit transactions, or carrying out top-ups on customer accounts after February 29. Paytm wallet users will still be able to use their existing balance until it is exhausted, but they will not be able to add any more money to their accounts. The RBI's move comes after concerns were raised about money laundering and questionable dealings within the bank.
Will Paytm stop working? Decoding the RBI order and what it means for you
In a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective February 29, 2024. Debit and credit transactions, including wallet operations, cease post this date, with withdrawals allowed. Fund transfers, bill payments, and UPI facilities through Paytm will also be halted. Users linked to external banks are unaffected. Paytm wallet services and Fastag operations will be disrupted, but stock market and mutual fund services remain unaffected.
Paytm hit: Can you still use wallet, Fastag? All your questions answered
The Reserve Bank of India barred all services of the Paytm Payments Bank Ltd (PPBL) on Wednesday, dealing a major blow to one of India's prominent fintech companies. But what does this mean for you, your wallet and related services?
Chennai Metro: Now you can buy tickets on WhatsApp; Here's how
Chennai Metro Rail Limited (CMRL) introduces an eco-friendly and user-friendly QR ticketing system via WhatsApp at all 41 metro stations. Passengers simply provide their mobile numbers at the counter, receiving secure QR tickets on WhatsApp. This initiative aligns with CMRL's commitment to a green environment and digital advancements. The streamlined process reduces paper usage and encourages commuters to embrace hassle-free ticketing, marking a significant leap towards a sustainable and convenient public transportation system.
Cobranding with Tata Neu, Swiggy widens HDFC Bank cards’ reach
HDFC Bank has distributed a million-plus cards with Tata Group’s super app Tata Neu and around 120,000 with foodtech major Swiggy, two people in the know told ET.
Latest changes SBI Card customers should know
With effect from May 1, 2023, SBI Card has made several changes to credit card options and advantages. Several credit cards are available from SBI Card, and the offers vary based on the card type.
The fallout from China’s tech-tonic shift
Top executives, startup founders and CEOs of Indian internet firms including Flipkart, Paytm, Oyo Hotels & Homes, Ola, Zomato, Swiggy, Makemytrip and others met a high-powered parliamentary panel headed by former minister of state for finance Jayant Sinha of the BJP on Thursday to discuss ‘anti-competitive practices by Big-tech companies’.
Indian tech firms meet lawmakers; gaming investors seek status quo on GST
Startups have long complained about Google’s billing policy, under which platforms have to pay a 30% fee to Google for in-app purchases.
How can government, RBI drive digital payments growth?
Fintechs have been at the forefront of innovation in the UPI ecosystem – right from creating simplified customer on-boarding and transaction platforms to a large-scale QR-code based merchant acceptance network .
Buy Now Pay Later is the flavour of festive season for top Internet firms
Fintech companies too are discovering the potential of this nascent yet fast growing segment in India
Delhi Metro to introduce QR code-based ticketing system in bid to go contactless
Delhi Metro Rail Corporation (DMRC) is planning to introduce a contactless ticketing mechanism which is based on QR codes and other digital payment-based methods.
Will Jack Ma's disappearance break Vijay Shekhar Sharma's back?
With other strategic backers like Softbank fussing over profitability after Vision Fund’s missteps it’s time for Sharma to figure out what Paytm – India’s most valuable fintech company commanding billion $16 billion valuation and counting – wants to be entering its adolescent years.
No cash, no card, just pay on the go
Smart money and smart processes are coming together to enable a smooth shopping experience for you — convenient, contactless, and cheap
Snapdeal’s Diwali sale starts from October 16
Snapdeal worked with manufacturers to bring products for its customers at prices lower than last year. It added over 10,000 sellers in the last three months to increase its inventory of value priced merchandise.
In Corona times, ePay firms have a lot riding on contactless pay at rail, metro
Top digital payment companies, payment gateways, device manufacturers and banks are seeking partnership opportunities to scale and testing new contactless technologies to offer such services and gain share in the massive public transit market.
Tap or scan: This startup wants to make your bus ride safe with contactless ticketing
Zero physical contact with the conductor, and tracking and monitoring of the passengers, Chalo Card has found a way for safe travel in public transport.
Metro Cash & Carry to open 5 new stores in India this year, enhance partnership with kirana stores
The whole idea is how to make a kirana store smarter in terms of usage of technology, by running business more efficiently, targeting more customers using data analytics, drive more customer traffic and make it more successful and profitable.
Demonetisation impact: Bharat going digital for payments
Payments company executives estimate that card transactions in towns with populations of up to 1 million have doubled in the two years since demonetisation.
Is 25 billion digital transaction target for 2017-18 too steep to achieve?
Despite mixed growth of digital payments the future is less cash, at least far less than the current 95%-plus transactions via cash and cheque books.
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