SummaryThe reduction in Paytm’s market shares comes at a time when the RBI has barred its banking arm from accepting fresh deposits. The regulatory action, imposed from March 15 onwards, was a result of “non-compliance of norms”.Paytm, whose banking arm came under stringent restrictions, has faced a decline in its share in the Unified Payment Interface (UPI) market, as per the data released by the National Payments Corporation of India (NPCI). The Vijay Shekhar Sharma-led company holds a 9% market share, the lowest in four years, the data showed.
This marked a second consecutive month of decline in Paytm’s market share, which dropped to 11% in February. The embattled payments…
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