As Paytm becomes a bank, what happens to the money in the wallet?

January 12, 2017 10:21

Over the next five days, the money in 160 million Paytm wallets will show up in a corresponding number of Paytm Payment Bank wallets as the wallet company becomes a payments bank.

As news of the change emerged, some social media chatter created panic amongst Paytm users who thought they would lose the amount in their accounts. Paytm has scotched these rumours. Read more

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