As a end result of demonetization, Paytm and several other comparable apps are producing a ton of enterprise. Demonetization has ensured that folks consider distinctive medium of payment than the typical one, and Paytm proved to be one of the most effective, with even the Authorities indirectly endorsing it by pushing use on freeway tolls and and many others,.
Paytm has in excess of 150 million mobile wallet buyers at the moment. But at the moment the app is not readily available on iOS thanks to some bugs and other technological concerns which were being responsible for hindrance in correct functioning. Paytm is seeking into the situation and has pushed an update to Apple and is awaiting their acceptance.
Apparently, this comes on the heels of a string of accusations by Paypal, which blamed Paytm for copying its design. Meanwhile, the failure in assistance prompted suffering to several buyers from Tuesday night and even today also comparable complications were being encountered.
We have at the moment removed the app from the App Retail outlet to halt introducing incremental new buyers to our present foundation. Now we uncovered a bug in our iOS App where by particular app buyers were being not ready to fork out thereby hanging their app. Before long the program logged them out stopping them from more accessing their account.
At this time of demonetization when all other corporations are suffering from heavy losses Paytm would seem to be a bigger gainer , as shortage of hard cash compelled several folks to go towards cashless transactions via these e-wallets. This situation would upset several clients and could also influence company’s business . We can anticipate the firm to attempt to get its app back on track as before long as attainable.