Paytm Payments Bank curbs may have limited impact, shows data | Company News – Business Standard

[ad_1]


Around 90 per cent of Paytm UPI app users have their accounts linked with other banks, according to data available with banking industry sources. The data, reviewed by Business Standard, further shows that while Paytm UPI app has approximately 90 million users, some 75 million of them have also installed other UPI apps. That leaves out only 15 million unique users of the Paytm UPI app.


This suggests that the Reserve Bank of India’s (RBI’s) recent decision to stop Paytm Payments Bank from accepting new deposits or conducting credit transactions after February 29 may have a limited impact on the payments

First Published: Feb 16 2024 | 12:30 AM IST

[ad_2]

Read More

Previous post A Big Tech-backed campaign to plant trees might have taken a wrong turn
Next post Badshah and Nora Fatehi take their friendship to a new level with ‘Garmi Club’ : Bollywood News – Bollywood Hungama