Delhi HC orders Paytm Payments Bank wound up; Paytm says app and UPI services continue
The Delhi High Court has ordered the winding-up of Paytm Payments Bank after the RBI cancelled its licence. An official liquidator will oversee the bank, while Paytm says its app, UPI, QR payments, Soundbox, card machines, payment gateway, Gold and Money services remain operational through partner banks.
Delhi High Court ordered Paytm Payments Bank wound up after RBI cancelled its licence. An official liquidator now controls the bank, while Paytm says its app, UPI, QR, Soundbox, card machines, payment gateway, Gold and Money services continue uninterrupted.
Why this matters
The order follows recent signals on Paytm Payments Bank's licence-loss liquidation and its potential disruption to EMIs, SIPs, FASTag and OTT auto-debits.
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