Reserve Bank of India has given a big blow to Paytm and has imposed several restrictions on Paytm Payments Bank. Hence Samsung has announced that due to the restrictions imposed by the Reserve Bank of India (RBI) on Paytm Bank, Samsung Wallet will no longer support Paytm Wallet integration from February 29, 2024.
According to a Samsung notice (via Sammobile), Samsung Wallet will lose Paytm Wallet integration from February 29, 2024. Also, users who need assistance can contact the customer care number of Paytm Wallet.
Notice: Paytm Wallet
“Paytm Wallet services will no longer be available on Samsung Wallet effective 29th Feb 2024. For any support queries, kindly reach out to your Paytm Wallet customer care”.
This could impact many Samsung users who rely on Paytm wallet for their daily transactions, such as paying bills, recharging mobiles, booking tickets, and transferring money.
Also, Samsung has advised its users to use or withdraw their Paytm Bank balance before February 29. Samsung users who need any assistance can contact Paytm Wallet’s customer care number.
Last year, the Korean tech giant integrated Samsung Pass and Samsung Pay into one app called Samsung Wallet. It allows users to make payments using credit/debit cards, online wallets and UPI. It also lets users store their digital IDs, vaccination certificates, travel tickets, membership cards, digital keys and login credentials securely and conveniently.