Heard they cannot open new accounts ? Are they stopping all transactions end of month ?
Continued non-compliance to system audits findings since 2022. RBI to Paytm: The more you fuck around the more you find out
Just read this much u’ll get it
Paytm will continue to work even after month end, now the internal sister company PPBL is banned, not Paytm.. So like other Apps like GPay, PhonePe, we will tie up users with PPBL account to others banks like HDFC, Axis etc.. Wallet, paytm is finding a solution as this can block Fastag once balance is exhausted Ppl outside are confused with PPBL and Paytm..
But down the line more layoff is expected based on this. As share is down almost 40cent in 2 days. So brace for impact
Bro Share current price and company's income are different things.. During IPO, whatever money they got, goes to company. But later, any price hike or dip won't bother company Share price dip is due to confusion in merchants and user that Paytm itself is shuting down Now what will happen is, paytm itself will buy shares when it further hits down and increase its stake Impact to actual company income can be dip in new users or existing users/merchants=> causing loss because of share price strike and competitors misleading existing paytm merchants. But Paytm will still continue to work smoothly after feb29. Only thing asked specifically to discard is PPBL and association with it interms of deposit, credit etc.. Paytm already had ban on onboarding new users or merchants on PPBL like 1 year+ back and was onboarding them on different banks.. Now task is to migrate all with PPBL users to new bank. This is like YesBank phonepe case which they solved in 48hours, We have till 29th Feb Wallet they will definitely figure out by Feb29th, else this will cause problems to fasttag users.. But, Fastag separately has another issue with Paytm that it doesn't work as per SLA and wont allow new paytm fastags
i think paytm employee should lookout for jobs as paytm reputation is damaged and one97 own 49% of paytm bank which valuation is going down to 0. paytm share will eventually run around 100-200 range there will be massive firings
we have couple of openings for tech, send your CV, paytm tech guys are gem.
hybrid only
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Just follow the rule bro