Paytm Crisis: Users Flock to Alternative Apps

Paytm Faces Major Crisis as RBI Restricts Banking Services

Paytm, India’s leading digital payments platform, is facing a major crisis following a recent order by the Reserve Bank of India (RBI) to restrict Paytm Payments Bank from offering key banking services. Starting from February 29, Paytm will no longer be able to take deposits, offer FASTag, and facilitate credit transactions.