PaytmShares of Paytm Payments Bank Ltd. fell for a third straight day as India’s central bank considers revoking Paytm Payments Bank Ltd.’s license, adding to the once-popular fintech startup’s growing woes.
India’s banking regulator is considering revoking its license after finding multiple lapses at Paytm Payments Bank, including multiple transactions beyond regulatory limits, raising money laundering concerns, Bloomberg News reported last week. The regulator has already ordered The bank has had to suspend much of its operations, which could affect the prospects of the digital payments pioneer.