Paytm removed from Google play store after it was warned multiple times by Google Play Store As it is removed because of violating playstore’s policies in which they said we don’t allow gambling and it violates our policies, that’s why we have also taken down Paytm First Games too.
Today, Many users reported that Paytm app is missing from Playstore. As it is one of the most popular payments app in India. Paytm first games is also removed from the playstore.
Most of the Digital Payers use Paytm and it’s Payments Bank for Online transactions. It is a shock to most of the online users in India as multiple users have their amount in the app.
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Reasons behind removal of Paytm.
Chinese Shareholders:
As known more than 50% of the paytm shares are owned by Chinese companies. Because of this reason, it is possible.
list of chinese shareholders:
Ant Financials (29.71%)
SoftBank Vision Fund (19.63%)
SAIF Partners (18.56%)
Alibaba Group (7.18%)
Berkshire Hathaway (2.76%)
Others (7.49%)
Vijay Shekhar Sharma Founder of Paytm owns the rest 14.67%.
Also Read: Full List of 118 Banned Apps in India September 2020
Play Store Policies:
May be the latest update of the app was violating the policies of the playstore. That’s could be the why it has been taken down from the playstore.
As confirmed paytm has been removed from beacuse it was violating the rules of playstore. As it was promoting online gambling and other reason that playstore don’t allows.
Update from Paytm:
How to transfer the amount from Paytm?
If you have linked your paytm payments bank to any of other UPI payments you can transfer your bank balance using this.
If you have amount remaining in your wallet it is better to use it, for recharges, bills or pay to Shops.
you can use paytm’s official webisite for using your wallet money website: www.paytm.com
Why Paytm Removed From Playstore Free
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© Deepti Ratnam | StaffPaytm App Removed - Google has pulled down Paytm from its Google PlayStore claiming that the company is violating privacy. Suzanne Frey, Vice President, Product, Android Security and Privacy said: 'We don't allow online casinos or support any unregulated gambling apps that facilitate sports betting. This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies.' Google further added, '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.'Breaking: Paytm, India's financial services app has been taken off from Google Play Store after repeated policy violations.
'Play Store prohibits online casinos and other unregulated gambling apps that facilitate sports betting in India' according to TechCrunch. #Paytmpic.twitter.com/Wz5PnWbyt2
— Ishan Agarwal (@ishanagarwal24) September 18, 2020
The reason of pulling down Paytm from Google PlayStore is not yet known. But Google is claiming that the company can't entertain the gambling apps. Google had earlier notified Paytm developers regarding this issue and were in touch with the company regarding the digital wallet and e-commerce app. @Paytm & @PaytmFirstGames pulled down from Google Playstore@GoogleIndia cites Violation of Google Play gambling policies & says we don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting@MugdhaCNBCTV18@ShereenBhan@vijayshekharpic.twitter.com/Zj4QivQ45A
— Megha Vishwanath (@MeghaVishwanath) September 18, 2020 No further information is known regarding the removal of Paytm from the Google PlayStore. Twitter has flooded soon after the news came in light. Paytm app repeatedly violated company's policies including online casinos and other unregulated gambling apps. Paytm is still available on the Apple App Store.Why Paytm Removed From Google Play Store
https://twitter.com/nehemiahchowdar/status/1306879126285025281