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According to RBI Deputy Governor Swaminathan J, actions against fintech Paytm have been taken because of its continuous non-compliance with rules. ....
India Business News: Facing a regulatory crackdown, Paytm is mobilizing its sales team to reassure its merchants, while Walmart and Google are targeting the same vendors. ....
India s MakeMyTrip and PolicyBazaar have expressed concerns to the central bank about the impact of its crackdown on Paytm, a digital payments firm. They argue that the decision could harm investment in the fast-growing financial-technology sector, discourage innovation, and send a negative signal to the global business community. ....