RBI Can Start Migrating Paytm Users, Merchants To Other Banks; Will Paytm Payments Bank Shut Down?

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10 months ago

The Reserve Bank of India plans issuing clarifications next week regarding merchant and consumer account migration from Paytm after ordering sweeping restrictions on its payments bank. FAQs intend addressing operational transition issues like QR code transfers, given abrupt disabling triggering uncertainty. RBI governor Shaktikanta Das underlined proportional interventions are last resorts for systemic stability after […]

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