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RBI cancels Paytm Payments Bank licence for compliance lapses as Pronto secures fresh funding
Technology
Published on 24 April 2026
The licence was pulled after repeated compliance failures
The RBI has cancelled Paytm Payments Bank’s licence, citing compliance lapses. The decision is part of today’s ETtech Top 5 coverage, alongside news that Pronto has raised funds again in a rapid back-to-back financing round. Here’s what the regulator’s move signals for India’s digital payments landscape and fintech momentum.
- RBI cancels Paytm Payments Bank licence over compliance lapses
- The move adds pressure on regulated digital wallets and payments firms
- ETtech also highlights Pronto’s back-to-back funding push
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times