Paytm plans Canada app shut down in next two months

Canada app shut down – Paytm announced on Friday that its consumer app in Canada will be discontinued on March 14, 2022, and that all planned payments and top-ups for Paytm cash, including EMT transfers, bank transfers, will be deactivated as of today. 
 
“During these extraordinary times, we’ve had to make some difficult business decisions. Unfortunately, on March 14, 2022, the Paytm Canada App will be permanently shut down. As of January 14, 2022, Paytm Cash’s scheduled payments and top-ups, which include EMT transfers, Canada Post, and bank transfers, will be disabled “The digital payments company’s owner, One97 Communications Ltd, confirmed the news in a blog post. 
 
Payments for the following 30 days that have been submitted or scheduled will be accepted “it was stated.
 
Customers with available balance in their Paytm wallet should spend it by March 14, 2022 to pay bills or purchase gift cards, according to the business.” 
 
We also recommend that you redeem your Paytm Points for any available gift cards on the App by March 14, 2022, as we will not be able to compensate you after that date.

Paytm Canada app shut down

Paytm further noted that the move has no relevance on Paytm Labs, which is arranged in Canada, or Paytm’s India operations or income. “We stay perpetrated to our aim of boosting economic inclusion in India,” the statement continued. 

Meanwhile, Paytm’s lots bounced on Friday after ladling below Rs 1,000 for the first time since its preliminary public donation on Indian commodity swaps. 
 
During the October-December district, the economic assistance provider listed a 401 per cent year-on-year improvement in loan disbursals on its program, estimating 44 lakhs.  
 
It expended Rs 2,180 crore in loans, up 365 per cent from the last year. 
 
The gross merchandise volume boosted by 123% to Rs 2,50,100 crore in the third quarter. According to the corporation, year-to-date GMV is already huger than the whole fiscal year of FY21, owing to substantial non-UPI GMV development. 

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