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Payment Platform Razorpay Told To Stop Acquiring New Customers
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source.
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ED Freezes Funds Worth Rs. 46.67 Crore Kept in Payment Gateways Easebuzz, Razorpay, Cashfree, and Paytm: Report
The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.
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Chinese Loan Apps Probe: Funds Worth Rs 46 Crore Frozen In Paytm, Razorpay, Others
The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.
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Paytm Denies Links With Chinese Loan Merchants After ED Raids on Firms Including Razorpay, CashFree
Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.
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Payment Platform Razorpay Told To Stop Acquiring New Customers
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source.
-
ED Freezes Funds Worth Rs. 46.67 Crore Kept in Payment Gateways Easebuzz, Razorpay, Cashfree, and Paytm: Report
The Enforcement Directorate (ED) reportedly conducted raids at premises of online payment gateways including Easebuzz, Razorpay, Cashfree, and Paytm this week over the alleged irregularities in instant app-based loans. The central agency has reportedly seized Rs. 46.67 crore worth of funds kept in various bank accounts and virtual accounts.
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Chinese Loan Apps Probe: Funds Worth Rs 46 Crore Frozen In Paytm, Razorpay, Others
The Enforcement Directorate today said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.
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Paytm Denies Links With Chinese Loan Merchants After ED Raids on Firms Including Razorpay, CashFree
Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.
