It’s an hour of reckoning for financial services firm Paytm, often touted as the poster boy of India’s digital payments revolution. On January 31, the Reserve Bank of India (RBI) asked Paytm Payments Bank Limited (PBPL) to stop new credit and deposit operations, top-ups, fund transfers and all other banking operations by February 29. Customers will only be allowed to withdraw their balances from their accounts with PBPL.
Paytm’s payment
