After the Reserve Bank of India cancelled its banking license, Paytm is pivoting its operations utilizing a PI license to provide services across all European Union countries.

The entities involved

• Paytm →

  Indian e-commerce payment system and financial technology company

  • Paytm, Pine Labs, Razorpay, and Cashfree Payments are identified as major players in the Indian fintech market.Thu 08:57
• Europe →

  terrestrial continent located in north-western Eurasia

  • The European Commission aims to strengthen homegrown AI capabilities while global advanced models face usage restrictions.Mon 17:49
  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
• Reserve Bank of India →

  central bank of India

  • RBI monitors challenges from crude oil prices and concerns over inflation and slowing growth.Mon 13:28
  • Nomura advises on potential shifts in Reserve Bank of India policy amid changes in the global economic outlook.Mon 13:10

Related events

• A bank received a universal banking license and began expanding its presence across India.Sep 8