00:00 After the RBI's action against Paytm Payments Bank, Paytm's problems are not going to be reduced.
00:07 RBI has imposed a ban on Paytm Payments Bank.
00:10 Paytm will not be able to connect new customers after 29th February.
00:14 Paytm's wallet and FastTag will not work.
00:17 If you have money in your wallet, you can use them.
00:20 You will be able to use UPI if it is not linked to Paytm Payments Bank but is linked to other banks.
00:26 Paytm's users' trust in Paytm has broken.
00:31 This is a big advantage for other companies.
00:33 These companies are on phone, Bmap and Google Pay.
00:36 Due to the pressure of Paytm in India, these companies were facing challenges in moving forward.
00:42 But after the ban on 31st January, these companies have got an open field to compete.
00:48 If we talk about data,
00:50 App Intelligence Company has claimed in an AppFigures report that on 3rd February, 2,89,000 Android App downloads were received on the phone.
01:00 Between 31st January and 3rd February, the number of downloads was 10,44,000.
01:06 Between 24th January and 27th January, the number of downloads was 8,40,000.
01:11 On 27th January, the number of downloads was 1,92,000.
01:15 In comparison to Google Pay, this is 45% more.
01:20 In a week, the company's app downloads have increased by more than 24%.
01:24 In addition, Bheem app downloads have been increased by 50%.
01:29 Between 24th and 27th January, there were 3,97,000 downloads.
01:33 Between 31st January and 3rd February, there were 5,93,000 downloads.
01:38 In this regard, Google Pay is still slack.
01:40 Its app downloads have increased by only 4.9%.
01:44 These downloads have now become 3,95,000 between 3,64,000 and 31st January and 3rd February.
01:52 Paytm's downloads have decreased after the action.
01:55 In the category of free apps in the Google Play Store, Paytm was at 18th place on 31st January, but now its rank has been reduced to 44th.
02:03 However, Paytm is committed to paying back the loss after the RBI's action.
02:08 To win the trust of customers, it has started sending SMS and emails.
02:13 In which it is said that your money is secured with us.
02:16 Due to the decision of RBI, Paytm may not be able to continue the digital wallet business after 29th February.
02:22 If RBI transfers the Paytm Payments Bank's license to 197 Communication, they can continue the business.
02:30 However, after this action, it will be a big challenge for the company to regain people's trust.
02:36 Diggaj FinTech Company was strong in the digital payment sector of Paytm.
02:40 But after RBI's action, the company's market value fell by $ 2.3 billion.
02:46 And along with it, the shares of its parent company 197 Communications have fallen by almost 49%.
02:53 Now recently, Paytm's boss Vijay Shekhar Sharma met with RBI officials.
02:59 And this deadline, which has been decided on 29th February, was also requested to be extended.
03:05 But there was no conclusion of this meeting. Neither was there any talk on the remedies of improvement.
03:11 Nor was any leniency given to Paytm.
03:14 That is, Paytm's license of Payments Bank can also be cancelled.
03:19 Such claims are being made in the future.
03:21 That's all for this video. How did you like this information?
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