3 ms·
Paytm: Here the issue was that they were not meeting RBI (Reserve Bank of India) compliance for their banking license. So RBI revoked their banking license whic
by pritambarhate 2y ago
Paytm: Here the issue was that they were not meeting RBI (Reserve Bank of India) compliance for their banking license. So RBI revoked their banking license which prohibits them to process UPI transactions by themselves. So this causes a massive exodus of UPI users from PayTM app. Later PayTM partnered with some other bank and resumed those services again.