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Paytm Payments Bank has lost share in the Fastag toll market, now being taken over by commercial banks following regulatory action. According to NPCI data, market share fell to 2% in May from 16% in January.
The market share that Paytm Payments Bank lost in FASTag transactions following the regulatory clampdown has now been shared among a handful of commercial banks, according to data from India’s National Payments Corporation of India (NPCI). India (RBI) v. Paytm Payments Bank has shielded its FASTag payments business from March 15, reducing its market share in this segment to 2% in
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