IT giants like Infosys, TCS want to pull off a deal worth Rs 125 crore with Paytm for its payments bank
Advertisement
Advertisement
IT giants like
The bidding of contracts has happened and according to Paytm’s co-founder Vijay Shekhar Sharma, the contracts will be allotted in the next one week.
"Internally, we were changing the (launch) date with the intention that by June we should pull it off, but July will also get covered because there's so much technology implementation happening," Sharma told ET.
He told the financial daily Oracle, Infosys and TCS are in the running for core banking services for payments, while Wipro and TCS are in the fray for being the system integrator.
Advertisement
Payments banks can accept demand deposits and savings bank deposits from individuals and small businesses up to a maximum of Rs 1 lakh per account.
(Image: Thinkstock)
Advertisement
- Google I/O 2024 highlights: Ask Photos, AI Overviews, AI fraud protection and more announced
- PFC Q4 profit grows 23% to ₹7,556 crore
- IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24
- Butterfly basin: Astronomers find the biggest known reservoir of planet-forming ingredients around a young star!
- SEBI grants LIC three more years to achieve 10% public shareholding
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market