Form is temporary, class is permanent. That is how digital wallet PhonePe rejected an offer from its rival Paytm to come onboard a platform operated by the latter. The offer was made after Yes Bank, which is used by PhonePe to conducts its transactions, was placed under moratorium by the Reserve Bank of India. The RBI placed a withdrawal limit of Rs 50,000 per Yes Bank account for the next one month.
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Produced By: The Lallantop
Edited By: Vineet Sharma
Research: Shakti
