“Zomato is not a threat to banks, but Paytm is”, finfluencer Akshat Srivastava

Well, the FinTech versus bank debate has been a long-standing one. The RBI recently granted Zomato Payments Private Limited a payment aggregator license. This allows the company to allow e-commerce transactions on its platform.

In his tweet, Srivastava said, “Zomato is not a threat to banks. But Paytm is (or was). That explains why Zomato isn’t trying hard to become a typical FinTech player.”

10 foreign airlines sent summons by DGGI over GST evasion

The investigation is being carried out by DGGI Meerut and Mumbai. Furthermore, these airlines have been under scanner since October 2023. (Representational Image)

As per reports, the airlines that have received summons include Indian offices of British Airways, Lufthansa (German Airlines), Singapore Airlines, Etihad Airways, Thai Airways, Qatar Airways, Saudi Arabia Airlines, Emirates, Oman Airlines and Air Arabia.

Meta to stop payments to news organisations that fact-check misinformation on WhatsApp

ANDP said that there is "imminent risk of serious and irreparable or difficult-to-repair damage to the fundamental rights of affected holders.” (Representative Image: Dima Solomin via Unsplash)

Most of the world is heading into election season this year, including India and the US. As per reports, the cuts in payments could potentially affect news organisations’ ability to verify non-election content.

Paytm Payments Bank left out of list of 32 authorised banks to buy FASTags

It has been stated that several players such as PhonePe, Google Pay, and banks such as HDFC Bank and State Bank of India (SBI) are deploying several thousand salesforce to attract merchants which include kirana stores and retailers. (Image source: Moneycontrol Hindi)

The Indian Highways Management Company (IHMC) has informed highway users to buy their FASTags from a list of 32 authorised banks, not including Paytm Payments Bank.