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Economic Times
| 11dPaytm Paytments Bank moves bill pay business to Euronet India
Indian digital payment firm Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India. This move follows the migration of PPBL's retail point of sales business and settlement business for merchant payments to RBL Bank and Axis Bank, respectively. Euronet, an American payment technology company, will now handle the backend settlement systems for PPBL's bill payments. The partnership has already resulted in a significant increase in bill payment settlements for Euronet, while bill payments on PPBL have declined. These challenges have also impacted Paytm, with several senior executives resigning in recent months.
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