RBI implement restrictions on Paytm Payments Bank for non compliance of regulations

[anmolbhard004]

not enough electoral bonds.

 

[Sushubh]

i don't think they are being sold right now but there are strong indications that there is going to be another sale before the general elections.

 

[anmolbhard004]

nah they are not but the promise to buy in future wasnt promised I guess by Paytm.

 

[Rickysin]

So is Paytm going to shutdown ? Is the matter really that complex ?

I mean such an established business and all of sudden its going to close ? Don’t government care about people who rely on it’s services ?

 

[Smh]

This is a good info video on Paytm issue and this channel does good research usually.

Paytm has some serious issues which should have been resolved a long time ago.


Source

 

[DewlanceHosting]

Many shopkeepers use Paytm QR codes because they are unaware that they can create their own QR code for accepting UPI payments directly to their bank account.

 

[Sushubh]

shopkeepers use business qr codes coz they settle days transactions in one go next day. this does not make a mess of their bank statements.

personal qr codes also have limitations with rupay credit card powered upi transactions. it create hassles for consumers trying to reduce transactions in their own bank statements.

 

[DewlanceHosting]

This scenario is a bit difficult. If shopkeepers don't have a business/current bank account and accept payments via Paytm business, it's easier for them.

 

[itzmynet]

Axis Bank open to working with Paytm if RBI permits, says MD & CEO Amitabh Chaudhry

RBI on February 1 barred Paytm Payments Bank Ltd from accepting fresh deposits and making credit transactions.

www.moneycontrol.com

 

[Navjot Singh]

What to do with Paytm fastag now? Shift or should I wait?