RBI ‘Ban’ on Paytm Payments Bank

Services Unaffected

RBI sanctions hit Paytm Payments Bank, banning transactions from Feb 29. Paytm's parent company, OCL, assures minimal service disruption. OCL reacts by broadening partnership register with third-party banks for financial services distribution, transitioning swiftly from Paytm Payments Bank Limited for future expansion, as per BSE filing.

Unaffected Services

Ban affects Paytm Payments Bank transactions, but some services remain intact: user deposits, wallets, FASTags usable. Paytm's offline merchant network operates as usual. OCL's financial services like loans, insurance, equity broking, separate from the bank, expected to continue unaffected.

Operational Clarifications

To ensure continuity for affected services, Paytm Payments Services Limited (PPSL) will shift the nodal to other banks between January 31 and ....     For More Details            Click here