Paytm is the most used digital wallet in India right now and is now quite ingrained into the ecosystem of digital payments. After demonetization, it has got a very big boost and now even our local Kirana stores to office canteens accept payments through Paytm. However, recent RBI guidelines plan to bring a spanner into this seamless way of paying one another. All online wallets are now mandated to get the KYC of their users failing which the users won't be able to do wallet to wallet transactions nor will they be able to upload more than Rs.10,000 in their wallets within a specific month. Paytm has welcomed this guideline unlike many other smaller wallet operators and for the same has contract employed a large workforce to get the KYC done.
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