TheCapTable

Sign In

FintechEdTechIPOInternetFood DeliveryE-CommerceCryptoMobilityLogisticsHealthTechInvestmentsGamingPolicyOTTThe CruxSAASB2B-TechAgriTechStrategyAnalysis

Join our mailing list

Our mailers and newsletters give you fresh, though-provoking perspectives into the world of startups and beyond. Don't miss out

Subscribe

TheCapTable

Home About Us Subscription Contact Us

Follow Us

© 2025 The CapTable

Fintech

Paytm Payments Bank fiasco puts FASTag network in a jam

Gaurav Tyagi

February 09, 2024 | 4 Min Read

February 09, 2024 | 4 Min Read

The RBI’s ban on Paytm Payments Bank could throw a wrench into the smooth functioning of India’s toll network. With users unsure what to do with their FASTags and no officially mandated protocol to port FASTag accounts, the bank’s involvement in the FASTag network could prove hard to navigate.

It has been a tough couple of weeks for Vijay Shekhar Sharma-led One97 Communications Ltd and its associate company Paytm Payments Bank Limited (PPBL). After barring the payments bank from accepting any deposits or undertaking credit transactions in customer accounts, prepaid wallets, and FASTags after February 29, the central bank has reportedly refused to extend this deadline after meeting with the promoter and his senior officials earlier this week.

sign_in_article

Read this article for free

In addition, access 50+ archived articles and 3 new articles every month

Sign In

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

company1

company2

company3

company4

company5

company6

company7

company8

company9

company1

company2

company3

company4

company5

company6

company7

company8

company9

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Umang Bedi

VerSe Innovation

The CapTable is an essential resource for Indian startups. Its insightful analysis and diverse perspectives make it a valuable asset for entrepreneurs and investors navigating the startup landscape.

Ashwin Damera

Eruditus

I enjoy reading The CapTable's insightful coverage of the Indian start up ecosystem. The articles are well researched, are deeply analytical and offer a balanced view. The CapTable has deep access to founders and investors and this enables it to publish very insightful commentary. I appreciate the spotlight they are giving to Indian startups. Kudos to the team!

Latest Articles

From $5Bn to $3.9Bn: Meesho's valuation reset reiterates public market realities for Indian tech IPOs

Meesho's latest fundraise saw the company take a valuation cut in the private market to better align with standard revenue multiples. This trend is likely to persist in upcoming pre-IPO rounds as companies look to price themselves in line with public markets to ensure successful listings.

Nikhil Patwardhan

With Rs 1,00,000 crore revenue lost to 80C, is the old tax regime on its way out?

In assessment year 2024-25, more than 70% of taxpayers opted for the new tax regime, according to the Ministry of Finance data. With the new regime broadening the tax payer base while gutting deductibles, is the government set to put all its eggs in the new regime basket.

Parvathi Benu

Inside Starlink and Amazon's battle plans for India's internet market

As India prepares rules for satellite broadband, domestic telcos are mounting fierce resistance against Starlink and Project Kuiper's entry. While their fears of market disruption may be overblown in the short term, the long-term threats loom large. For subscribers, though, it’s all gravy.

Pratap Vikram Singh

Delivery disruptors: How 3PLs are rewriting the gig economy playbook

With food delivery and quick commerce booming, putting platforms’ delivery fleets to the test, third-party logistics companies have emerged as unlikely saviours. From bridging capacity gaps for platforms to offering gig workers a better deal, they’re transforming how India's gig economy operates.

Shivani Verma

Google’s Gemini leads India’s AI chatbot race, can AGR relief safe Vi, and Netflix's stellar Q4

While ChatGPT remains the dominant force globally, Gemini has gained significant ground in India since the launch of its multilingual mobile app last June. It accounted for over half of India’s AI chatbot downloads in 2024, while ChatGPT’s share fell to 32%.

Team Captable

subscribe_graffiti

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

If you want to see more, Sign Up for access to our Crux newsletter and several free articles

Sign Up Now