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While the company has published a dedicated FAQ page to explain what will work and not on Paytm after March 15, it hasn't clarified whether Wallet will continue to work even if you haven't linked with Paytm Payments Bank. Here is everything we know so far.
Paytm's counter has been under tremendous pressure since the Reserve Bank announced restrictions on Paytm Payments' operations amid persistent non-compliances and continued material supervisory concerns.
When star startups fall: It takes extraordinary skills to build a market leader like Byju’s or Theranos or China Evergrande or Paytm or WeWork. But perhaps these companies became victims of their founders’ success and the adulation they received.
Paytm crisis: The Tokyo-based tech investor saw uncertainty growing in India’s regulatory environment, as well as over Paytm Payments Bank Ltd.’s license, Navneet Govil told Bloomberg News on Thursday.
At a presser on the MPC policy review, the RBI said the clampdown on Paytm Payments Bank was a result of persistent non-compliance of the regulator's norms. RBI Deputy Governor Swaminathan J said that they were monitoring Paytm Payments Bank and "will take suitable steps as warranted going forward".