PhonePe BHIM App Google Pay and Mobikwik downloads increase after RBI action on Paytm

PhonePe BHIM App Google Pay and Mobikwik downloads increase after RBI action on Paytm

Paytm: A popular proverb in Hindi language says that someone else’s loss is someone else’s gain. Exactly the same is happening with Paytm, PhonePe and other online payment apps. RBI’s strict action against Paytm has caused a lot of loss to Paytm, but Paytm’s biggest competitor in India, PhonePe, has benefited a lot from this action of RBI. Actually, RBI has announced to stop all the services of Paytm Payment Bank from 29th February. In such a situation, millions of Paytm users have started uninstalling the Paytm app from their…

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