Thursday, February 22, 2024

Ads by Google

Ads by Google

#CelebrityEvenings: From Disha Patani to Kalki Koechlin, Bollywood celebs spotted in Mumbai

Feb 21, 2024, 11:42PM ISTSource: etimes.inThe paparazzi captured Bollywood stars at different locations in Mumbai on January 6. Celebrities including Elnaaz Norouzi, Prateik Babbar,...
HomeTechRBI has an important clarification for Paytm users

RBI has an important clarification for Paytm users

The Reserve Bank of India (RBI) has made an important clarification in the


Payments Bank case. The apex bank has stated that Paytm app will not be impacted by the recent order issued against Paytm Payments Bank Limited (PPBL). “Just to clarify, the action is against Paytm Payments Bank, not against the Paytm app. The app is not impacted by our action, delineating the scope of the RBI’s directive,” said


Deputy Governor Swaminathan J, during a media briefing following the Monetary Policy Committee (MPC) meeting.

Swaminathan added that the banks’ decision to partner with Paytm Payments Bank is a business decision, indicating that the banks’ autonomy in collaborating with PPBL. The Deputy Governor emphasised that the recent actions are directed explicitly towards Paytm Payments Bank and do not impact the functionality or operations of the Paytm app.
This clarification is important for Paytm for users who use the app for wide range of digital transactions.
Paytm assures users

Paytm spokesperson welcomed RBI deputy governor’s statement. Paytm spokesperson said that “we assure our users and merchant partners that the Paytm app remains fully operational, and our services are unaffected”.
“Paytm continues to lead in mobile payments innovation, and we are accelerating our partnerships with banks to offer uninterrupted services. We assure our merchant partners that Paytm QR, Soundbox, and card machines will continue to work as always. Our dedication to providing seamless payment solutions and promoting financial inclusion across India remains as strong as ever,” the spokesperson added.

Stay Informed: Subscribe to Our Latest News Updates Be the First to Know! Subscribe to Our Latest News Notifications for Up-to-Date Information, Exciting Announcements, and Exclusive Content. Stay Ahead of the Curve, Sign up Today! No Yes