The Paytm UPI handle will continue without interruption until February 29, 2024. Clarifying further our Founder & CEO “On UPI acquiring, it needs guidance from both the NPCI and RBI and the discussions have started. So what and how will they appropriately guide us, we will adhere to that,” Our President & COO added.
The Confederation of All India Traders (CAIT) has asked traders to switch from Paytm to other payment apps, after the Reserve Bank of India (RBI) ordered Paytm Payments Bank to stop services from February 29 over alleged violations of norms.
The local guy I am trying to switch away from Paytm payments Bank cannot link his union bank to Paytm business app coz the account is linked to some other number he doesn't recognises. He never had that number so it's possible Paytm guys messed up during the setup process somewhere. So that has been nice.
He is now taking payments through Google Pay placard. But some people send money directly through app from previous transactions so there are going to be issues with failure for him if he doesn't link some other account to his Paytm code.
Paytm Wallet, housed under Paytm Payments Bank, is up for sale with HDFC Bank and Jio Financial Services as potential buyers, offering advantages to boost their wallet volumes, while Jio may also acquire Paytm Payments Bank as part of a larger bailout plan, making it a win-win situation for all...
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