Monday, May 27, 2024

UPI service to stop on Paytm! After RBI ban Paytm said this thing

According to Paytm, UPI service will function normally while the business works with other banks to implement adjustments. The Paytm UPI service is provided by the Paytm Payments Bank (PPBL), which was prohibited from accepting payments from clients after February 29 by the Reserve Bank of India.

UPI“Paytm’s UPI will keep running normally.

To guarantee smooth service continuity, we are connecting with other banks on the back end. Users don’t need to take any more action, a Paytm representative stated, according to news agency PTI. With 283.5 crore transactions in December, PPBL was the bank that gained the most UPI benefits, according to the National Payments Corporation of India (NPCI). In December, users of the Paytm Payment Bank App transacted 144.25 crore, valued at ₹16,569.49 crore.

UPI

A Paytm representative

commented on the effect of the RBI decision on bill payments made using BBPOU, as reported by PTI, saying, “Paytm users can continue using the App for all bill payments and recharges, like always. Paytm keeps offering a variety of payment methods for your convenience.

UPI

After February 29,

the RBI ordered the Paytm Payments Bank to cease taking deposits or top-ups in consumer accounts, wallets, FASTags, and other devices. Accordingly, Paytm Wallet users can keep using their accounts till February 29. After that, they can use their current balance until it runs out, but they won’t be able to add any more funds.

Read More: Ola launched the S1X scooter with 8 year warranty! cost is Rs 1.01 lakh

🔥🔥 Join Our Group For All Information And Update, Also Follow me For the Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                 Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Use UPI like this if on a trip for payment in other countries!

There is excellent news if you are among the millions of UPI users who intend to travel overseas. Yes, you can now use it...

After France, UPI will now work in Sri Lanka and Mauritius as well!

UPI payments from India are expanding worldwide. You will be able to use India's payment system to make payments in Mauritius and Sri Lanka,...

Credit card rules have changed for HDFC, SBI & ICICI! know the new rules

This information is beneficial to you if you too use credit cards. Indeed, several public and commercial banks have modified their credit card policies...

After January 10, UPI rules will change! government has decided to do this

There is excellent news if you also use UPI payments while making payments online. In the New Year, those who make online contributions to...

These easy settings on Google Maps will prevent you from getting challan!

Not only is Google Maps a tremendously useful software for getting where you're going faster, but it may also make driving more enjoyable if...

Most Popular

Subscribe

* indicates required