What Next For Paytm?: Services That Will Be Functional After February 29

What Next For Paytm?: Services That Will Be Functional After February 29

Amidst the cloud of uncertainty, the company has tried to assuage its stakeholders and users.

Juviraj AnchilUpdated: Wednesday, February 07, 2024, 11:26 AM IST
article-image
Paytm Shares | Image credit: Wikipedia (Representative)

As the RBI refused to intervene in the matter after meeting the Paytm founder, the concerns over Paytm and future is on the rise. Amidst the cloud of uncertainty generated by the directives on Paytm Payments Bank, users might find themselves perplexed. Meanwhile, the company has tried to assuage its stakeholders and users. According to the company, the app will be working as usual even after February 29, 2024.

According to Paytm, the services that will be available are:

1) QR code

2) UPI services

3) Soundbox

4) Card Machine

5) Recharging and Bill Payments

6) Movie ticket bookings

7) Accept and Receive Payments

In addition, that company has also claimed, reassuring it's users, that the deposits of its associate Bank users in their savings accounts, FASTags, NCMC accounts and Wallets are safe. Apart from that, the Users will be able to deploy their existing balance in their accounts.

Paytm, which was founded in 2010 by Vijay Shekar Sharma, works with various banks (not just its associate Bank), on various payments products. Amid the unrelenting scrutiny, Paytm would look to continue to expand its payments and financial services business, but with only in partnerships with other banks.

RECENT STORIES

Microsoft's New Deal With France's Mistral AI Is Under Scrutiny From The European Union

Microsoft's New Deal With France's Mistral AI Is Under Scrutiny From The European Union

End-User Spending On Security, Risk Management To Reach $2.9 Billion In India

End-User Spending On Security, Risk Management To Reach $2.9 Billion In India

Consumer Court Penalizes Flipkart, OnePlus, Hands A ₹30,000 Fine, For Selling Used Phone As Brand...

Consumer Court Penalizes Flipkart, OnePlus, Hands A ₹30,000 Fine, For Selling Used Phone As Brand...

TN's VOC Port Will Be India's First Green Hydrogen Hub: Minister

TN's VOC Port Will Be India's First Green Hydrogen Hub: Minister

Vineeta Singh Net Worth: Sugar Cosmetics Founder Net Worth About ₹300 Cr; Check Out Her Car...

Vineeta Singh Net Worth: Sugar Cosmetics Founder Net Worth About ₹300 Cr; Check Out Her Car...