Google removed India's most popular fintech application Paytm from its Play Store. However, Paytm was restored after a few hours on the Play Store. This whole sentence increased the beats of the Paytm user.
In a statement issued by Paytm, it said that to meet the requirements of the Play Store, it had removed the 'cashback component' from its platform, only after which it returned to the store.
The Google Play Store had removed the Paytm app from its platform on the charge of gambling (gamblers) through it. The Google Play Store said that it does not support the gambling app and that Paytm was removed for violating its gambling-related policies.
Google stated in its blog post that if an app leads a user to an external website that allows them to participate in a tournament paid to win real money or cash prizes, then this is part of its policy Is a violation.
Cashback is the reason? Actually Paytm had said that 'Paytm Cricket League' was recently launched on the consumer app. This game was meant to engage customers in passion for cricket and win cashback. Under this game, users receive players' stickers for every transaction. After collecting it they get cashback
Apart from this, it was also informed that Paytm was informed by Google that the app is being removed from the Play Store on the charge of violating some rules related to gambling. Due to this, the Paytm Android app was unlisted from the Google Play Store.
Industry sources said that Google is directly pointing to Paytm First Games without naming it, which is a challenge for fantasy gaming platforms like Dream 11, HalaPlay, Mobile Premier League, and many more.
However, Paytm founder Vijay Shekhar Sharma said that the problem was in the cricket stickers given by Paytm as cashback. Google said that they had shared these concerns with Paytm developers several times.
At the same time, Vijay Shekhar Sharma said during the interview that in the afternoon of 18 September, only one letter was released and the app was removed from the store on the same day. Sharma said that three letters were issued by Google earlier expressing concern about Paytm First Games, which has been followed by the company backed by Alibaba and Softbank.
Sharma alleges that Google has misused its power to increase its payments business and improperly tried to attract customers.
Sharma said that his company has done nothing wrong. He assured Paytm to over 30 crore customers that their money was completely safe. He claimed that Google took one-sided action against Paytm before giving notice. In this entire action, Google itself was the judge, executioner, and beneficiary.
After the withdrawal of Paytm from the Play Store, people started worrying about their money kept in the wallet, and many users started questioning it on social media. On this, Paytm said that customers' money is completely safe and it can be used as before.
For information, let us know that Paytm is the most valuable startup in India and it claims that it has 5 crore monthly active users.