The Financial Intelligence Unit (FIU) of India has said that it has fined Paytm Payments Bank around USD 662,565 in total.
The National Payments Corporation of India (NPCI) has been instructed by the Reserve Bank of India to examine a request made by Paytm.
The National Payments Corporation of India (NPCI) has received advice from the Reserve Bank of India (RBI) to look into Paytm's application to become a third-party application provider for UPI payments.
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