Paytm Payments Bank Is Dead || Why RBI Killed Paytm?
Paytm Payments Bank Is Dead || Why RBI Killed Paytm?
RBI Notification for Paytm Payments Bank
https://www.rbi.org.in/Scripts/BS_Pre...
Paytm, once a pioneer in the digital payment space, is facing a significant challenge in 2024. From its inception during the demonetization era in 2016 to becoming a household name with 30 Crore Wallets, 3 Crore Bank Accounts, and 80 Lakh Fastags, Paytm played a crucial role in India's digital financial landscape. With a staggering 1.6 Billion UPI transactions every month, it ranked as the third-largest UPI player in the country.
However, the Reserve Bank of India's update on January 31, 2024, has cast a shadow on Paytm's future. This regulatory development is poised to have a major impact on Paytm's wallets, bank accounts, and Fastags. The magnitude of this impact is significant enough to warrant a thorough understanding, and in this video, we delve into the intricacies of the RBI notification.
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