Decline of Paytm

Events

Paytm receives licence for Paytm Payments Bank

August 2015

Paytm Payments Bank Commences Operation

May 2017

RBI bans Paytm from onboarding new customers for wallets and accounts

June 2018

Ban is lifted

January 2019

Paytm gets included in list of scheduled banks

October 2021

RBI directs Paytm to stop onboarding customers in order to conduct an audit on it's IT systems

March 2022

Paytm Payments Bank receives final report of RBI appointed auditor

October 2022

RBI rejects Paytm Payments Services' aggregator license application

November 2022

RBI imposed Rs 5.4 Crore penalty on Paytm for non compliance to KYC norms

October 2023

NHAI bans Paytm from selling Fastags

January 2024