Quick Answer: Is There Any Issue With Paytm?

Why Paytm is not banned in India?

Paytm has received some major investments from Fintech firm Ant Group, an affiliate company of Chinese Alibaba Group.

The company holds about 40% stake in Paytm.

However, Paytm is owned by the Indian company One97 Communications.

Therefore, the recent ban hasn’t affected the e-payment platform in India..

Why my Paytm is not working?

This means the apps have been blocked and if they are installed on your smartphone, then it will not work. This was first reported by PiunikaWeb and Android Police. The report has stated that users who either have these remote control applications installed have started seeing this pop up in the Paytm application.

Who owns Paytm now?

One97 CommunicationsPaytm/Parent organizationsVijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, country’s largest digital bank with over 58 million account holders.

Is Google Pay banned in India?

Google Pay is not banned in India, clarified the National Payments Corporation of India (NPCI). … Companies like Google Pay are app providers to the PSO, and NPCI confirmed that transactions on Google Pay are fully protected under the law.

Why Paytm is removed today?

Paytm is back on the Play Store hours after the app was taken down for violating policies on gambling. Earlier today, Google removed the Paytm app from the Play Store while other apps like Paytm for Business, Paytm mall, Paytm Money, and a few more were still available on the platform.

Why is Paytm banned?

The ban amounting to Google insinuating Paytm to be a gambling app is defamatory in nature, the Noida-based firm said in the blog.

Is it safe to open FD in Paytm?

As long as PayTM talked about, PayTM uses world-class security and encryption to keep your data safe and secured. You may like: ICICI Home Finance FD Offers upto 11.39% Yield in April 2020-Should you invest?

Is Paytm Safe 2020?

While it is clear that all activities on Paytm are completely lawful, we have temporarily removed the cashback component in an effort to meet the Play Store policy requirements. We continue to work with Google to restore the app. We assure all our users that their balances and linked accounts are 100% safe.

Will Paytm be banned in India?

Why Paytm Is Banned In India? Apparently, Google has removed the Paytm app from the Play Store citing the company’s new rules related to online gambling. Google states that it doesn’t allow any online casinos or back unregulated gambling apps that involve in sports betting.

Is there any problem with Paytm today?

At the moment, we haven’t detected any problems at Paytm.

Why Paytm bank is not working?

The Reserve Bank of India (RBI), in one of rare instances, has disclosed the reason for blocking Paytm’s payments banking business. … The Noida-headquartered firm has violated know-your-customer (KYC) rules while on-boarding users, TOI reported citing RBI’s response to an RTI filed by the newspaper.

What are the disadvantages of Paytm?

1. Customer support is not up to the expectation 2. Its most felxiblewith high-speed mobile internet connection 3. There are certain charges applicable to transfer money form paytm wallet to another account 4.

Can Paytm be hacked?

Yes, if your Paytm account is compromised. When the hacker gets access to your wallet or UPI APP, the hacker can access the bank details or credit/debit details and misuse it to withdraw money. … Remember these 10 short and simple tips to protect your money while using these digital payment Apps.

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.

Has Paytm been removed?

While the umbrella Paytm app has been taken down, other apps developed by the company such as Paytm Money, Paytm Mall, etc. continue to be available on Play Store. In a tweet, Paytm said: “Paytm Android app is temporarily unavailable on Google’s Play Store for new downloads or updates.