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Digital Banking: India based Paytm Payments Bank Reports Strong Growth and Continued Support for UPI

Amid Bitcoin chaos, Paytm Payments Bank aborts cryptocurrency exchanges

Amid Bitcoin chaos, Paytm Payments Bank aborts cryptocurrency exchanges Paytm Payments Bank Ltd (PPBL) has neither given the cryptocurrency exchanges any reason for this formally nor told them whether this was because of any regulator issue BusinessToday.In | May 21, 2021 | Updated 09:17 IST Several banks had earlier this week ended their association with cryptocurrency exchanges after the RBI unofficially told them to revisit ties with them Paytm Payments Bank Ltd (PPBL) will not permit people to purchase and sell crypto assets via its platform from Friday (May 21) evening, when it will cease to deal with cryptocurrency exchanges. PPBL s competitor PayPal and other payment processors that authorise buying cryptocurrency on their platforms are also likely to pull the plug.

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