Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm has launched the Paytm Payments Bank in India, announcing the new unit via a public notice in newspapers and a blog post. Renu Satti has been appointed the CEO of the new entity, and also sits on the payments bank’s board; Paytm CEO Vijay Shekhar Sharma is the non-executive chairman. With the Paytm Payments Bank finally operational, there are a few changes consumers would be introduced to, primarily the wallets business being transferred to the newly-incorporated entity Paytm Payments Bank Ltd (PPBL). There seems to be some confusion around…

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Zomato Hacked, 17 Million User Records Stolen; Claims Payments Data Is Safe

Zomato Hacked, 17 Million User Records Stolen; Claims Payments Data Is Safe

Zomato on Thursday admitted to a major security breach, where around 17 million user records – out of the company’s 120 million users – were stolen from its database. According to the company, usernames and hashed passwords were stolen by the attackers – the fact that the passwords were encrypted means that they will be harder to access, but such troves of data do eventually get cracked, so a sensible move would be to change your Zomato password right away, and also to change it on any site where you…

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Truecaller Pay UPI-Based Payments Service Launched in Partnership With ICICI Bank

Truecaller Pay UPI-Based Payments Service Launched in Partnership With ICICI Bank

Caller ID application Truecaller on Tuesday announced a partnership with ICICI Bank, to allow people to send and receive payments through the app. Called Truecaller Pay, it leverages the Unified Payments Interface (UPI) to power payments from your ICICI Bank account. For now, the Truecaller Pay feature will only be available via Truecaller 8 for Android. At the press conference to announce the new features, Truecaller CEO and co-founder Alan Mamedi said that the company is now able to show the true potential of Truecaller. “We have been able to…

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