Please look at the below screenshot
OCL is reaching out to all their merchants and asking them to change their settlement bank account from PPBL to something else. Please note that KYC for these merchants in order to accept payments was done by OCL and not the Paytm Payments Bank. So all these merchants still continue to be eligible to accept digital payments through a QR code or soundbox.
Once merchants change their settlement bank account (this can be done easily without a physical visit), merchant’s life will carry on as is.
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