Paytm App QR, Soundbox and card machines will remain operational even after March 15, know complete information
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Paytm Payments Bank has been banned by the Reserve Bank of India. After March 15, 2024, many facilities related to Paytm Payments Bank will stop. In such a situation, a big update has come today regarding Paytm.
Paytm’s Paytm Payments Bank has been banned by the Reserve Bank of India. After which many facilities related to Paytm payments have been banned from today i.e. 15th March. Now NPCI has given a big update regarding Paytm.
In fact, according to NPCI, fintech firm Paytm’s parent company One 97 Communications has been given permission to continue third party UPI transaction service. To continue the UPI service, a third application permit was approved for Paytm in collaboration with SBI, Axis Bank, Yes Bank and HDFC Bank.
Meanwhile, Paytm has told its customers that after March 15, Paytm App, Soundbox and card machines will continue to work as before. The digital transaction company has also released a FAQ to answer the questions that arise in the minds of its customers. Paytm is issuing an official statement that users and merchants should keep in mind that the Paytm app is working and will continue to work even after March 15, 2024.
Paytm spokesperson said, we are expanding our financial services delivery platform in partnership with leading institutions. Paytm is committed to building an inclusive next-generation financial ecosystem for its users across the country.
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