#FINTECH Earthquake PAYTM Payments Bank essentially asked to shut shop

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Deal Subedar
Birla.Veena
%23FINTECH Earthquake

PAYTM Payments Bank essentially asked to shut shop.

Worst affected are going to be FasTag users who bought from PayTM. Port your tag now! 20240201073856Impacts #PaytmBank closure:

Definite:

Payment Bank a/c 💥

Prepaid Wallet 💥

FasTag 💥

NCMC 💥

Impact will be known by morning:

PAYTM Merchant QR codes with Soundbox

PAYTM PoS & Payment Gateway

These are in some way linked to the payments bank right now.
https://twitter.com/kalapian/status/1752654676...
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Deal Subedar Deal Subedar
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RBI usually just asks not to on-board new customers until resolution. But asking no deposits for any customers seems a tad harsh.

Especially for a listed company.

Deal Subedar Deal Subedar
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RBI usually just asks not to on-board new customers until resolution. But asking no deposits for any customers seems a tad harsh.

Especially for a listed company.

Benevolent Benevolent
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Bruh. They have been asked not to onboard new customers more than a year ago.  Looks like since then they have done jackshit to comply with RBI norms. So finally action is taken. 

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Spearhead Spearhead
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On which fastag you guys are shifting?

Pro Tech Guru Pro Tech Guru
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I have some goldback as cashback 😔 should I sell??

Helpful Helpful
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how many kilos?
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Wingman Wingman
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Paytm wallet also banned??

Helpful Helpful
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yes as per RBI order, after 29th February, we can only withdraw the existing balance, can't add any more to wallet or bank, until further orders from the RBI.
Talk-Of-The-Town Talk-Of-The-Town
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Paytm is banned but not Mobikwik?

Deal Captain Deal Captain
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Mobikwik is banned by people, Paytm banned by RBI

Helpful Helpful
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If i recharged my fastag will trasnferring fastag also trasnfer d balance

Helpful Helpful
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no

Pro Shopping Friend Pro Shopping Friend
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What about paytm gold.. ? Can those be accessed through MMTC-PAMP site in anyway?
Comrade Comrade
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bike fastag...............le dooba paytm ko...😀

Helpful Helpful
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Ambani hi padhar rhe hai

Rasta saaf khali kro sab

Benevolent Benevolent
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Admins please create separate section for paytm

Analyst Analyst
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Why posted new thread? @Birla.Veena

Deal Subedar Deal Subedar
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Is there any earlier post related to this

Deal Subedar Deal Subedar
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RBI usually just asks not to on-board new customers until resolution. But asking no deposits for any customers seems a tad harsh.

Especially for a listed company.

Benevolent Benevolent
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Bruh. They have been asked not to onboard new customers more than a year ago.  Looks like since then they have done jackshit to comply with RBI norms. So finally action is taken. 

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