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Paytm Payments Bank: The controversies and challenges ahead for India's fintech poster boy

The RBI s action prohibits the bank from accepting further deposits, conducting credit transactions, or carrying out top-ups on customer accounts after February 29. Paytm wallet users will still be able to use their existing balance until it is exhausted, but they will not be able to add any more money to their accounts. The RBI s move comes after concerns were raised about money laundering and questionable dealings within the bank. ....

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