"Paytm's E-Wallet Crisis: Impact and Future Outlook"
India's government has effectively shut down the e-wallet service Paytm, used by over 300 million people, due to its parent company's bank failing to prevent money laundering. Users can no longer add funds to their wallets and have until March 15 to transfer balances to rival e-wallet products. The Reserve Bank's actions reflect the government's push to shrink India's cash economy and combat financial crime, despite Paytm's massive adoption and local popularity.
