News > Paytm Bank slows down in Fastag lane; Q-comm in soup over food safety

Paytm Bank slows down in Fastag lane; Q-comm in soup over food safety

The market share that Paytm Payments Bank lost in Fastag toll payments has now been parcelled out among a handful of commercial banks, as per data from the National Payments Corporation of India. The regulatory action by the central bank against Paytm Payments Bank brought the curtains down on its Fastag payments business from March 15, pulling down its market share in the segment to 2% in May, from around 16% in January.