← Latest news 
RBI cancels Paytm Payments Bank licence as Paytm shares plunge what changes for wallets and UPI users
Business
Published on 27 April 2026
UPI is expected to keep working while Paytm winds down
The RBI has cancelled the licence of Paytm Payments Bank, triggering a sharp selloff in One 97 Communications shares and raising questions about Paytm’s banking-heavy model. While RBI safeguards mean deposits are not expected to be lost, Paytm is expected to keep UPI running via partner banks, with wallet and other services continuing with changes. Paytm says it faces no material impact.
- RBI cancellation follows repeated concerns over PPBL compliance and governance
- Deposits are expected to stay safe, but Paytm Payments Bank will be wound up
- UPI likely continues through partner banks, while wallet and merchant flows may adjust
- Paytm faces higher dependency on third-party banks and potential margin pressure
Read the full story at Startup Talky
This summarization was done by Beige for a story published on 
Startup Talky