Paytm App will continue to work even after Feb 29 – Everything you need to know

financialexpress.com:

Amidst recent regulatory directives concerning Paytm Payments Bank, users might find themselves confused and uncertain. However, it is imperative to note that the Paytm app is working and will be working as usual even after February 29, 2024, according to the company.

Users can continue using services on the Paytm app without any interruption, such as QR code, Soundbox, Card Machine, and online payments, among others.

Paytm has also reassured that the deposits of its associate Bank users in their savings accounts, FASTags, NCMC accounts and Wallets are safe and secure. Users will be able to use the existing balance in their accounts.

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* Paytm users will be able to avail UPI services uninterruptedly and can enjoy the convenience of QR code payments at stores, online transactions, and fund transfers hassle-free.

* Recharging and bill payments can be done seamlessly beyond February 29, 2024 on the Paytm App.

* Movie ticket bookings and financial services will remain unaffected on the Paytm app.

* Paytm QR code will also remain unchanged and the users will continue accepting swift, secure, and safe payments without any interruption.

* Paytm payment devices like Paytm QR, Soundbox, and Card Machine will function as usual.

Users will be able to use the existing balance in their accounts.

“The company has been informed that this does not impact user deposits in their savings accounts, Wallets, FASTags, and NCMC accounts, where they can continue to use the existing balances,” Paytm informed.

Paytm works with various banks (not just its associate Bank), on various payments products. It started its journey of working with other banks over the last two