India's Paytm banking arm to lay off about 20% staff as closure looms

India's Paytm banking arm to lay off about 20% staff as closure looms

FILE PHOTO: Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

Indian digital payments firm Paytm plans to cut close to 20% of staff at its banking unit amid uncertainty over the unit‘s future due to a looming central bank deadline for it to halt most operations, two sources said.

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