That’s good to know @aadhar.aggarwal. Thanks. If it is as simple as providing a different bank account, Paytm need not lose most of the merchants.
I continue to wonder how well the merchants understand the situation, as there seems to be a lot of misinformation, some of them motivated.
This is my recent experience at a barber shop. He has Paytm QR code (and no other). I asked him if it is okay to scan this QR code as recently there is some bad news about paytm. He confidently told me that it is only issue with the paytm bank, and there are no problems with payments; then he let me scan paytm QR to pay.
Yes, this cannot be sufficient evidence to assume that the majority of merchants are similarly well-informed. Please do share your experiences in this regard, as there is constant news about competitors taking advantage of the situation. It is still not clear how much disruption paytm’s business is facing.
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