New Delhi, February 1: Paytm merchants need not worry following Reserve Bank of India's (RBI) direction to its associate bank as Paytm Soundbox, QR, EDC machines will keep working as usual, and merchants will still be able to accept payments. Paytm offers acquiring services to merchants in partnership with several leading banks in the country and will continue to expand third-party bank partnerships.

슬롯사이트œPaytm's offline merchants network offering and device business like Paytm Soundbox, EDC, QR will remain unimpacted by the Reserve Bank of India's (RBI) direction to its associate bank,슬롯사이트� said the fintech company, adding that it will also continue onboarding merchants to its platform.슬롯 머신 사이트 추천Paytm Payments Bank Services Have Been Curtailed by RBI Over 슬롯사이트˜Persistent Non-Compliances and Continued Material Supervisory Concerns슬롯사이트�: Report.

During a conference call on RBI directives to Paytm's associate bank, Bhavesh Gupta, President and COO, said, "We will ensure the least amount of disturbance to merchants. We will do whatever is the right approach in this matter."

The company also noted that its Paytm Payment Gateway business (online merchants) will continue to offer payment solutions to its existing merchants. "There will be no disruption in PG business and it will operate like earlier, now we offer merchants several other options, which is a very quick process," Gupta added.

Paytm슬롯사이트™s offline merchant payment network offerings like Paytm QR, Paytm Soundbox, Paytm Card Machine will continue as usual, where it can onboard new offline merchants as well. For its existing online merchants, Paytm Payment Gateway business will continue to offer payment solutions. Meanwhile, Paytm clarified that PPBL is run independently by its management and board.슬롯 머신 사이트 추천Paytm Share Price Plummet by 20% As RBI Puts Restrictions on 'Paytm Payment Banks Over Non-Compliance and Material Supervisory Concerns.

슬롯사이트œWe would take this opportunity to clarify that as per banking regulations, Paytm Payments Bank Limited is run independently by its management and board. While OCL is allowed to have two board seats on the board of Paytm Payments Bank Limited, as a part of its shareholder agreement, OCL exerts no influence on the operations of Paytm Payments Bank Limited, other than as a minority board member, and minority shareholder,슬롯사이트� Paytm said in an exchange filing.

(The above story first appeared on LatestLY on Feb 02, 2024 10:22 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).