Paytm, launched in 2010, quickly rose as a leader in India's fintech space, transforming digital payments and e-commerce. Its popularity surged post-demonetization in 2016, leading to the 2017 launch of Paytm Payments Bank, which aimed to blend digital wallets with banking services. However, by March 2024, Paytm Payments Bank encountered a major setback. In this blog, we’ll dive into the reasons behind this downturn and provide tips on staying compliant in the fast-evolving digital finance landscape. Tune into the podcast of FunnTaxx where we simplify tax and finance-related topics. P.S. - We are available on all platforms. Now you can subscribe to our weekly newsletters and stay updated.