RBI Confirms Paytm QR, Soundbox, Card Machine Usage Post March 15; Parent OCL Shifts Nodal Account To Axis Bank

Paytm has been steadfast in reassuring both users and merchant partners that the Paytm app and its services will maintain their full functionality. After the Reserve Bank of India (RBI) issued a circular and released a set of FAQs providing clarity on the Paytm services, the company has reassured its merchants that the Paytm app, including its Made in India All-in-One QR code, Soundbox, and EDC (Card Machine), will continue to operate seamlessly as always even after March 15, 2024.


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