Paytm says customers cash secure after Google removes app from Playstore

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Digital pockets Paytm stated its customers’ cash is “fully secure” after Google Play Store eliminated the funds app for alleged “unregulated playing”.

Paytm is India’s guiding digital funds app, claiming over 50 million month-to-month lively customers. Twitter customers have been first to identify the app was lacking from the Store.

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UPDATE: Paytm returned to Play Strore Friday evening time. You can learn extra about that story right here.

“All your cash is totally secure, and you may proceed to take pleasure in your Paytm app as regular,” stated the corporate on Twitter.

The firm had not breached Google insurance policies however was working a proposal that gave its customers stickers, for funds and cash transfers, which might then be used to redeem cashbacks – a proceed Google deemed as playing, a Paytm spokesman informed Reuters.

Paytm has since eliminated the promotion from its app, he added. Google didn’t instantly reply to Reuters request searching for touch upon how Paytm’s cashback provide violated its insurance policies.

“We don’t enable on-line casinos/help any unregulated playing apps that facilitate sports activities betting. It consists of if app leads shoppers to an exterior web site that permits them to take part in paid tournaments to win actual cash/money prizes,” stated a Google weblog publish quoted by CNBC-TV18 and The Indian Express.

Dear Paytm’ers,

Paytm Android app is briefly unavailable on Google’s Play Store for brand new downloads or updates. It will likely be back very quickly.

All your cash is totally secure, and you may proceed to take pleasure in your Paytm app as regular.

— Paytm (@Paytm) September 18, 2020

“We have these policies to protect users from potential harm. When an app violates these policies, we notify the developer of the violation and remove the app from Google Play until the developer brings the app into compliance. And in the case where there are repeated policy violations, we may take more serious action which may include terminating Google Play Developer accounts. Our policies are applied and enforced on all developers consistently,” stated the weblog publish that did not name Paytm.

Techcrunch web site, whereas quoting two unnmaed sources, stated Paytm had violated Play Store’s insurance policies banning on-line casinos and different unregulated playing apps that facilitate sports activities betting in India. Paytm First Games, obtainable as a standalone app and promoted by the primary app, was additionally pulled from the Play Store.

Paytm for Business, Paytm Mall, and Paytm Money, can be found for obtain.

(With inputs from Reuters.)

[Attribution Business Standard.]

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