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Paytm Payments Bank has been fined Rs 5.49 crore over alleged money laundering in the latest setback to the fintech, a month after the Reserved Bank of India (RBI) ordered it to stop accepting any fresh deposits in its accounts or wallets.
PayID is one of the most popular banking options among Aussies. Based on an investigation by the Reserved Bank of Australia, there were more than 10 million registered PayID users by the end of 2022.
Given such popularity, it was reasonable for online casinos to use this banking option to expand