Paytm says app, UPI, QR, Soundbox, Payment Gateway services to continue uninterrupted after RBI action on PPBL
New Delhi, April 24 -- One 97 Communications Limited on Thursday said its key services, including the Paytm app, Paytm UPI, Paytm QR, Soundbox, card machines and Payment Gateway, will continue to operate uninterrupted despite regulatory action against its associate entity, Paytm Payments Bank Limited, by the Reserve Bank of India.
In an exchange filing, the company clarified that its broader ecosystem, including Paytm Gold and Paytm Money, remains unaffected and will continue normal operations.
The statement comes after the RBI, in a press release dated April 24, cancelled the banking licence of Paytm Payments Bank Limited with effect from the close of business on April 24, 2026.
"As previously disclosed on March 1, 2024, the Company d...
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