Delhi HC orders closure of Paytm Payments Bank: What it means for your wallet and UPI
On Tuesday, the Reserve Bank of India announced that the Delhi High Court has directed the shutdown of Paytm Payments Bank (PPBL). The central bank previously reassured users that PPBL maintains sufficient liquidity to settle all deposit obligations during the liquidation process. Back in April, One97 Communications, the parent company of Paytm, stated that its primary services—such as the Paytm app, UPI transactions, QR codes, and Soundbox—would continue to function without any disruptions.
by shortkt.com✓