Atom Payment Gateway : India's RBI calls off most of payment platform Paytm's operations, cites regulatory issues

The Reserve Bank of India (RBI) issued an order on 31 January local time asking Paytm, the digital payments service provider often referred to as "India's version of Alipay", to suspend most of its operations due to ongoing regulatory breaches and oversight concerns. branches will have to stop all banking operations after 29 February. However, existing customers will still be able to make unlimited withdrawals of funds as well as utilise the balance in their prepaid cards or wallets.