Paytm gets banned for these 4 reasons. With the recent order of RBI many features like Paytm bank, Paytm wallet, and the fast tag will be stopped from 29th Feb but what makes RBI take this huge step knowingly that Paytm plays a major role in Indian digital payment with 30% of market share. Below are those 4 reasons that have been leaked by an insider either from Paytm or a government organization - 1)Didn't do KYC of lakhs of customers - RBI found out Paytm didn't do KYC of lakhs of customers and opened their savings account which is a direct violation of RBI guidelines. 2)Thousands of accounts opened with single PAN numbers - RBI found out that thousands of savings accounts get opened with a single PAN number which is scary for many customers as maybe their data gets used to open other accounts also which is a big crime. 3)Paytm bank shared details of customers with parent company One97 communication - As per RBI guidelines if you ar...