Paytm News: Seems like Paytm’s bad days have started, the company is inundated with troubles. The company is getting into one big trouble after another. Now the case of data sharing of digital payment company Paytm Payment Bank with Chinese companies is coming to the fore. In fact, according to Bloomberg sources, the Reserve Bank of India’s (RBI) annual investigation found that the company’s servers were sharing essential information with a China-based firm that indirectly holds stake in Paytm Payments Bank. However, Paytm has issued a statement on the matter and denied it.
What’s the matter?
Let us tell you that on March 11, RBI, tightening the noose on Paytm Payments Bank, had talked about banning the company from adding new customers. Along with this, the bank was also asked to conduct a comprehensive audit of its IT systems. After this news surfaced, Bloomberg on Monday, citing a source, told that the RBI had barred Paytm Payments Bank from accepting new customers on March 11 because it had transferred the data to servers abroad in violation of India’s rules. Flow was allowed and did not verify its customers properly.
Also read- Paytm’s stock fell below Rs 700, the company sank investors’ money along with itself
What did the company say?
Paytm Payments Bank has denied these reports by issuing a statement on this matter. The company has called it false and sensational. Paytm Payments Bank said, “The recent Bloomberg report claiming data leaks to Chinese companies is false and sensational.” Let us inform that today the company’s shares fell more than 13%.