RBI, PhonePe, and PineLabs on the Paytm crisis | – Times of India
[ad_1] On January 31, India’s apex bank Reserve Bank of India (RBI) directed Paytm Payment Bank to stop accepting deposits, credit transactions or top ups in customer accounts, prepaid instruments, wallets, FASTags, and NCMC cards after March 15, other than any interest, cashbacks, or refunds. The announcement sent fintechs into tizzy, however, it also brought…