Paytm Ban: Paytm will be closed after 31 August? know the complete truth
With the rise of online payments, people have almost stopped carrying cash, as UPI has become the most common mode of transaction. Today, apps like Google Pay, PhonePe, and Paytm are available on almost every smartphone. However, a recent notification from Google Play has left many users concerned.
The notification claimed that Paytm’s UPI services would stop working from August 31. Following this, confusion spread across social media, with several fake messages circulating widely. The situation became so alarming that Paytm itself had to step forward and clarify the matter. So, what exactly has the company said, and is Paytm really shutting down?
On which users will this change be applicable
Paytm said that this change will be applicable only to those users who use @paytm handle for recurring payments like YouTube Premium, Google One Storage or other subscriptions. It will not have any effect on normal users. However, affected users will have to replace their old @paytm handle with a new handle such as @pthdfc, @ptaxis, @ptyes or @ptsbi. For example, if your UPI ID is rakesh@paytm, it can now be rakesh@pthdfc or rakesh@ptsbi (depending on your bank).
Those who have @paytm handle, do this
Switch to a new Paytm UPI ID linked to your bank like @pthdfc, @ptaxis, @ptyes or @ptsbi. Then make payment through other UPI platforms like Google Pay or PhonePe. Use debit or credit card for frequent payments.
Company head gave assurance
Paytm chief Vijay Shekhar Sharma has assured customers that their money transactions will continue without any interruption as before. This change from August 31 is just a part of the technical process. This change is being implemented after the approval of the National Payments Corporation of India (NPCI). Paytm has been allowed as a Third Party Application Provider (TPAP) and under this, new UPI handles have been launched.
This notification of Google Play had scared everyone
Let us tell you that a notification sent by Google Play had scared all the users, which said that Paytm is going to close by August 31. However, Google Play had issued this notification because the deadline for updating UPI handles for recurring payments is August 31, 2025.
The notification sent by Google Play said that after August 31, @paytm UPI handles will not be accepted on Google Play. This rule will come into effect from September 1, 2025. This incomplete information had confused the users. Which has now been cleared by Paytm.
