New Delhi: As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as the Reserve Bank of India’s (RBI) March 15 deadline looms. Negotiations with Paytm are reportedly underway for a chunk of FASTags, National Common Mobility Card and becoming banking partners for UPI transactions-related businesses but deals are yet to be finalised. However, “the basic risk in this opportunity would be the KYC of merchants or client onboarding. If banks take any business, they’ll have to re-do KYC because nobody wants to get on the wrong side
Hence then, the article about negotiations on at acquiring paytm payments bank businesses as rbi deadline looms was published today ( ) and is available onNews room odisha ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Negotiations on at acquiring Paytm Payments Bank businesses as RBI deadline looms )