Best Alternative Options To Use Instead of Paytym Payment Bank

Why Paytm Alternatives Are in Demand? RBI directive: Stop accepting deposits/top-ups after February 29 (2024) Impacted entity: Paytm Payments Bank Ltd (PPBL) Fears sparked: Impact on Paytm QR codes (unclear from passage if affected) Local grocery stores switching:From Paytm to other providers (Mobikwik, Bharatpe, Phonepe, GooglePay): 42%lanning to switch: 20%

Best Alternatives to Paytm Payment Bank Mobikwik Services offered: digital payments, bill payments, recharges, money transfers Linked accounts: bank accounts, debit/credit cards, UPI accounts User interface: user-friendly Acceptance: wide acceptance across merchants

Airtel Payments Bank Services offered: savings accounts, money transfers, bill payments Network: widespread network Integration: seamless integration with Airtel’s telecom services

PhonePe Services offered: savings accounts, instant money transfers, bill payments, UPI transactions User interface: user-friendly Security measures: robust security measures

Google Pay Services offered: money transfers, bill payments, online purchases Linked accounts: bank accounts Integration: seamless integration with Google services User interface: intuitive interface

Amazon Pay Services offered: online purchases, bill payments, recharges Payment method: funds added to Amazon Pay wallet Additional benefits: – Cashback rewards – Discounts (especially for frequent Amazon shoppers)

BharatPe Target audience: Merchants and small businesses Services offered: – Digital payment solutions (focus)QR code-based payments – Instant settlements – Business loans – Business management tools