Paytm All Set To Enter The Banking Space

Things are afoot in the payments industry. Its all started in August when RBI approved payment banks licenses for Airtel, Reliance, Paytm, Vodafone and Aditya Birla Nuvo. Several other entities which have been given ‘in-principle’ approval. Mobikwik, Oxigen, Citrus, and Novopay Itz Cash Card also applied for the licence but failed to get the nod from RBI.

Paytm To Block Abusive Customers From Its Platform

Paytm had come across a problem that’s familiar to all e-commerce companies in India – customers being rude and abusive towards their support staff. But unlike other companies that believe in the customer always being right, Paytm decided to take a stand. The company has decided to block customers from their platform who are unreasonably belligerent.