2024-03-14 01:41:38
Reserve Bank of India has imposed many restrictions on Paytm. Now changes are going to happen in this regard from March 15. Now no new deposits can be taken from Paytm Payment Bank. However, all these changes are going to happen from March 15. Let us tell you in advance that the Central Bank has already imposed many restrictions on Paytm Payment Bank. However, even before this it has been made clear by Paytm that there will be no impact on UPI payments.
You do not need to worry at all about Paytm. The app will continue to work as before. If your bank account is in any other bank then you will not face any problem. Because with its help you will be able to make UPI payment easily. To do this, you do not need to do anything different, you will keep doing it as you use normal Paytm.
Jio’s entry-
Meanwhile, big news has also come out regarding Jio. Mukesh Ambani can also make a big entry in the UPI market. With Jio Pay, he is planning to give tough competition to apps like Paytm, Phone Pay and Google Pay and for this he has also made a new plan. Jio Box is also undergoing trials regarding this. Once passed, Jio Pay Sound Box is going to enter the market very soon.
Companies keep an eye on the market-The market of UPI is very big in India. After the ban on Paytm Payment Bank, everyone was feeling that the Paytm app was going to be closed. But Paytm is continuously giving clarification on this. Meanwhile, many other companies want to use this opportunity. This is the reason why she is working on it very fast. However, till now no official information has been given by Jio on this.