Without RBI migration approval, Paytm's UPI business faces crisis
Fri, Feb 9, 2024 10:07 PM

Without RBI migration approval, Paytm's UPI business faces crisis

A Flip by Shubhangi Gupta
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Paytm's UPI transactions may be at risk after February 29 due to regulatory concerns from RBI. The app's current PSP bank, PPBL, may not be able to continue its services for UPI transactions. Paytm is working with the regulator to address this issue and may need to migrate to a new PSP bank, but this could lead to inconveniences for customers and merchants.

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