The Confederation of All India Traders (CAIT) recommends traders to migrate from Paytm to alternative payment applications. CAIT expresses concerns about the security and continuity of financial services following the recent regulatory restrictions imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank. The organization notes that a substantial number of vendors and hawkers rely on Paytm, and these restrictions could potentially cause financial disruptions for them.
