Shillong:Union Finance Minister Nirmala Sitharaman next week amid regulatory concerns,He said after the central bank acted on Paytm Payments Bank and put certain curbs expected to meet fintech startups .
The meeting with Fintech-Startups in the Capital early next week. The sector of economic services in the Ministry is probably in action. checking a report in NDTV Profit on Tuesday. The aim of the meetup is to „lucation the importance of regulatory compliance to these entities“. Earlier, the Reserve Bank of India (RBI) instructed the termination of the tumoraccounts of One 97 Communications Ltd (OCL) and Paytm Payment Services Ltd (PPSL), which were maintained by the PPBL. Maker and CEO of Paytm, Vijay Shekhar Sharma,had meet up with Sitharaman in Delhi to meet up with help in the situation, but was dictate to agreement straight with the selector.
Paytm has over 30 crore users, with around 11 crore per month transacting users. It also has a network of around 1 crore merchants actively accepting payments. The company has reassured its users that its mobile app, including the QR Code, Soundbox and Card Machine, will remain operational even after March 15. (IANS)
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