Thursday, June 13, 2024

Paytm Assures Continuity of UPI Service Despite RBI Directive

In reaction to the current directive from the Reserve Bank of India (RBI) instructing Paytm Payments Bank to stop accepting deposits or top-usain client debts, Paytm has assured that its UPI service will remain unaffected.

Despite the restrictions imposed on Paytm Payments Bank, Paytm stated that its UPI service will retain to operate usually. The organisation is actively participating with other banks to enforce necessary changes, making sure seamless continuity of carrier for users.

According to a Paytm spokesperson, “UPI on Paytm will preserve to perform as regular. We are running in the returned give up to connect to different banks to ensure seamless continuity of service. Users are not required to do anything additional.”

Additionally, Paytm reassured customers regarding bills and recharges through their platform, declaring that clients can keep to apply the app for those purposes with none disruption.

While the RBI directive mandates Paytm Payments Bank to halt deposits and pinnacle-america after February 29, customers can nonetheless behavior transactions using their present Paytm Wallet balance till it’s far exhausted. However, they may not be able to upload any budget to their debts put up the required date.


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