India, May 9 -- Paytm Payments Bank (PPBL) has moved its bill payment operations to Euronet Services India, after recently switching its retail point-of-sale business to RBL Bank and merchant payment settlement services to Axis Bank.

Euronet, s US-based payment technology firm, specialises in managing backend settlement systems for numerous digital payment channels in India.

As per ET's report, as PPBL was asked to cease its offering services, it had to migrate to someone else and Euronet has taken over the business.

Inc42's query on the development did not elicit any response from Paytm till filing of this report.

Under this partnership, bill payments facilitated by PPBL will now be conducted through Euronet. It is pertinent to note ...