RBI ban on Paytm Payments Bank

Category : Business and economics Published on: February 03 2024

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RBI bans Paytm from offering banking services due to non-compliance and supervisory concerns.
FASTags issued by Paytm Payment Banks will still work, including existing balances.
Paytm app and Paytm UPI services unaffected by the ban.
Paytm QR, Soundbox, and Card Machine services for offline merchants continue as usual.