New Delhi: Jio Financial Services has denied any speculations about buying wallet business of Paytm. Mukesh Ambani’s Jio’s financial services has denied holding talks with Paytm. According to sources, the Paytm parent company was in talks with investors to sell the wallet business. Jio Financial Services and HDFC bank were among the front runners to occupy Paytm’s wallet business. let’s take a look at why is Paytm in Crisis? Paytm is currently facing challenges including RBI restrictions on payments and bank activities amid reports of ED investigating the alleged money laundering case which is denied by the company.
