Explore the latest news, in-depth reports, and executive analysis tagged with #Ppi.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
In July this year, Shoppin co-founder Utsav Soi filed a petition accusing co-founder Shlok Bhartiya and Info Edge of "oppression and mismanagement."
The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).
Paytm had applied to the Central Bank of the UAE for two licences — one covering acquiring and domestic payments, and another for a wallet-type product.
The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.
Currently, UPI payments from/to a bank account can be carried out using the UPI application of that bank or of any third-party application provider.
The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.
