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New Delhi. Paytm is an Indian multinational financial technology company. Its head office is in Noida and it is one of the largest companies providing digital payments and financial services. It has crores of users in India. However, even after using it for so many days, many people do not know its full form. In such a situation, here we are going to tell you the full form of Paytm. Paytm is currently in the news due to some restrictions imposed by the Reserve Bank of India.
Paytm founder Vijay Shekhar Sharma is the son of a school teacher from Aligarh district of Uttar Pradesh. He was greatly impressed by the fact that Jack Ma’s Alibaba Group is focusing more on smartphones instead of desktops. Seeing this, Vijay Shekhar set up a digital payment company. Today, the brand of Paytm has become synonymous with digital payments. Paytm’s parent company is One97 Communications Limited. Paytm was founded in 2010 by Vijay Shekhar Sharma. Apart from UPI payments, the company also offers many other services related to digital payments. With this, many tasks can be done from ticket booking to banking.
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What is the full form?
The full form of Paytm is pay through mobile. Even people who have been using it for a long time are not aware of it. The use of Paytm increased especially after the announcement of demonetization by Prime Minister Narendra Modi on 8 November 2016.
What is the recent crisis?
Recently, a ban was ordered by the Reserve Bank of India on Paytm Payments Bank Limited (PPBL). This order has been given by RBI due to violation of rules. PPBL has been directed not to accept deposits or top-ups in any customer account, prepaid instrument, wallet and Fastag after February 29, 2024. The company’s shares have also been affected by this.
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Tag: Paytm, paytm mobile wallet, technology news
first published : February 24, 2024, 19:39 IST
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