Paytm Ban News | EXPLAINED: Will Paytm App, Its Wallet And UPI Services Work After Feb 29?

Will customers be able to use the Paytm app after February 29? Will the Paytm wallet and other services work after February 29? These have been a few of the most asked questions ever since the Reserve Bank of India's (RBI) clampdown on Paytm Payments Bank.

The RBI, which on March 10, 2022, directed PBBL to not on-board new customers, cited "persistent non-compliances" issues flagged by external auditors, and said the action was taken under section 35A of the Banking Regulation Act, 1949.

Amid concerns over the operational status of the digital payments app, Paytm founder Vijay Shekhar Sharma on Friday reassured its users that their "favourite app" will keep working beyond February 29 "as usual"

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