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The Reserve Bank of India barred Paytm Payments Bank from taking on new customers last week because it allowed its data to flow to servers that were sharing information with China-based entities, Bloomberg reported on Monday.🥺🥺
 
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Their share prices are in free fall. Yesterday it went down 13% same story can be repeated today.
 

He also clarified that the RBI directive does not stop Paytm from onboarding new UPI customers, a channel which is a key customer acquisition funnel for the payments player. However, Sharma did not divulge the exact supervisory concerns that led RBI to issue the directive.
Huh!!🥺🥺
 



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