Trader’s body CAIT asks business to shift from Paytm after RBI’s ban

The Confederation of All India Traders (CAIT), has asked small traders and businesses to switch from the Paytm app in order to mitigate financial losses posed after the uncertainty of its continuous operations due to the RBI imposed restrictions on Paytm Payments Bank. The advisory comes after a day when Paytm founder Vijay Shekhar Sharma assured its customers of continuous operations even after February 29.