The Reserve Bank of India (RBI) directed Paytm Payments Bank to stop banking services due to violations, including money laundering and KYC breaches. Paytm is in talks with other banks for migrating payments and settlements. Paytm founder assures users that the app will continue operating. The RBI's actions have wider implications for the fintech industry. Brokerage firms are skeptical about Paytm's future due to regulatory concerns. Read The Rest at :
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