RBI ban on Paytm Payments Bank

RBI ban on Paytm Payments Bank

Daily Current Affairs   /   RBI ban on Paytm Payments Bank

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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.
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