CURRENT AFFAIRS

Detailed explanation-1: -Paytm was founded on August 2010 with an initial investment of US$2 million by founder Vijay Shekhar Sharma in Noida, India.

Detailed explanation-2: -Our associate Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007.

Detailed explanation-3: -2022 Billionaires Net Worth. Son of a schoolteacher from a small city in north India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2011. One of the biggest beneficiaries of India’s 2016 demonetization, Paytm has notched up 400 million users and 25 million transactions daily.

Detailed explanation-4: -Surinder Chawla, MD & CEO at Paytm Payments Bank. Mr. Surinder Chawla is a merit-listed Chartered Accountant with close to 28 years of experience in Retail Banking. Prior to Paytm Payments Banks assignment, he has worked with prominent banks such as Standard Chartered, ABN Amro, HDFC Bank and RBL Bank.