Paytm founder Vijay Shekhar Sharma on Friday morning - amid growing concern over the operational status of the digital payments app - has told users "your favourite app is working (and) will keep working beyond February 29 as usual".
The Reserve Bank of India, in a notification issued on Wednesday, has barred Paytm from offering all basic payment services, including Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29.
The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - like FASTags - linked to those accounts, after Feb 29.