Is Paytm Going To Be Closed?

What has happened to Paytm?

In a shocking move, Google has pulled down Paytm app from Google Playstore.

This has happened on Friday morning (September 18th, 2020).

Users are clueless, since Paytm app is available on Apple app store, but not available on Google Playstore..

Which payment app is best in India?

List of best Money Transfer Apps in India:Google Pay: Google Pay, makes it easier than ever to send and request money from friends within India. … PayPal: PayPal is one of the oldest and most popular international money transfer solutions. … PhonePe: … Paytm: … BHIM App:

Why is Paytm not on Play Store?

Paytm has been removed from Google Play Store. Google has removed the app from the Play Store for violating its guidelines. Google had said in a statement that it does not allow unregulated gambling.

What happened to Paytm?

Paytm was removed from the Google Play Store on Friday. The app was removed for violating Google’s complex rules around online gambling, contests with cash prizes.

Is Paytm Chinese company?

Paytm Chinese link Though the company is completely Indian, PayTM lists Ant Financial, a Chinese bigwig, as its major investor. For those unaware, Ant Financial is an affiliate company of the Chinese Alibaba Group and enjoys a position as the world’s highest-valued FinTech company, with a valuation of $150 billion.

Can we use Paytm now?

We assure all our users that their balances and linked accounts are 100 per cent safe. Our services are fully functional on all existing apps and you can continue enjoying Paytm like before,” the company said.

Can I close my Paytm bank account?

If you want to close your account, be sure you do not have any balance. The PMLA (Prevention of Money Laundering Act) guidelines – section 12, point no. … We will verify the request and close your account.

How can I unfreeze my Paytm account?

How To Unblock PayTM Payment Bank or PayTM AccountYou Must know your email ID for this Procesor.Login To Your Email Account And Compose a Mail.Address it to Care@paytm.com.Subject Line Should be “Request To Unblock Paytm Account“.Type In the Message if You Probably know the Reason for the same.More items…•

Can Paytm be hacked?

Yes, it’s possible. Like any other bank account, paytm can also be hacked! Though it’s possible, you can still remain safe by ensuring: You have a strong password.

Is Paytm Safe 2020?

We assure all our users that their balances and linked accounts are 100% safe. Our services are fully functional on all existing apps and you can continue enjoying Paytm like before.

What is the latest news about Paytm?

Paytm waives off all charges on merchant transactions ​Paytm will absorb Rs 600 crore in MDR charged annually by banks and other charges to support MSMEs during the ongoing pandemic.

Has Paytm been banned in India?

No, Paytm is not banned in India and it continues to remain operational in the country. Though the company has a substantial Chinese investment, it is not a Chinese company.

Why Paytm is removed?

Google has removed Paytm app from its Play Store for violation of its policy on sport betting activities. “The app was blocked for violation of play policies – a clarification of our policy was released earlier today ahead of the IPL tournament,” Google said in an e-mailed response on Friday.

How can I unblock my Paytm account?

To unblock your account, please write to us at paytm.com/care from your Paytm registered email ID with your bank statement that clearly shows transactions made on Paytm, and we will unblock your account.

Is Paytm payment bank safe?

Mobile payments and banking are safe — especially with Paytm, as we use world-class security and encryption to keep your data as safe as possible.

Can we trust Paytm?

All your money is completely safe, and you can continue to enjoy your Paytm app as normal. This is something that even Paytm has tried to explain via a tweet shared through its official handle.

Which is better GPAY or Paytm?

Well here Paytm has an advantage over Google Pay. It allows you to pay your bills and mobile recharge via credit card. For Google Pay, you don’t have an option to pay through credit cards. So if you are running out of cash and your bill is due, you can pay the same via Paytm using a credit card.

Is Paytm going to shut down?

India’s one of the largest e-commerce payment system and digital wallet company, Paytm, has shut down one of its postpaid services– Paytm Postpaid. … Paytm had launched its post-paid service in December 2018, which allowed users a certain credit limit based on their transactions through the mobile wallet app.