New Delhi: Paytm, a major fintech, asked its users on Friday not to panic and that their money be “completely safe” despite the application being removed from the Google Play Store. In a tweet, Paytm said that the Paytm app for Android is temporarily unavailable on the Google Play Store for new downloads or updates.
“Dear Paytm users, the Paytm application for Android is temporarily unavailable in the Google Play Store for new downloads or updates. It will be back very soon. All your money is completely safe and you can continue to enjoy your Paytm application normally,” he said. Paytm on Twitter.
Paytm’s tweet comes as a result of Google removing the app from its Play Store for alleged violation of online gaming policies to promote its Paytm First Games fantasy gaming platform.
Paytm will not be available for download now, but there will be no impact on existing users of the app, PTI reported.
“The app was blocked for violating gaming policies, a clarification of our policy was released today ahead of the IPL tournament,” Google said in an emailed response on Friday.
Google also said that only the availability of the application in the Play Store is affected and there is no impact on users.
There is often an increase in the launch of these types of applications before major sports tournaments such as the IPL. The final season of the Indian Premier League (IPL) is scheduled to begin on September 19 in the United Arab Emirates.
The fintech major’s subsidiary recently hired cricket legend Sachin Tendulkar as its brand ambassador.
Vijay Shekhar Sharma, Founder and CEO – Paytm had said: “Sachin represents the dreams and aspirations of more than one billion people. He is the pride of our country and the true embodiment of excellence, tenacity, and hard work. This association is based on many of the values that we share with the greatest athlete of all time. Like Sachin, we believe that the country is above all else, followed by the company and finally the team. We hope that together we will inspire millions of citizens to follow their dreams and achieve greatness. “
Sachin Tendulkar had said: “Cricket is an attractive sport and we all tend to have opinions about the game, from the selection of players to the strategies of the game. Paytm First Games will give fans the opportunity to put on their thinking hats and experience the thrill of making the right decisions and getting their teams to win. I am pleased to partner with Paytm First Games to enable cricket fans to become more involved with the ever popular game of cricket. “
Over the next six months, more than 200 live events will be offered on the platform, including national and international cricket tournaments, soccer leagues and others, he added.
Paytm First Games offers more than 50 games where the most popular are fantasy sports, where players apply research and strategy to participate in live sporting events. The platform currently engages with more than 80 million game enthusiasts, most of them from smaller cities and towns.
Additionally, other popular online gaming platforms such as Dream11, WinZO, and Mobile Premier League (MPL), which allow players to place real money and then reward them with cash prizes, are either not listed or removed from the Play Store. For example, MPL was launched on the Play Store in October 2018 and was removed in May 2019.
The apps for most of these real money gaming platforms can be downloaded directly from their official websites and downloaded onto phones.
The company has also allocated ₹300 crore to invest in the growth of the fantasy sports market and other online gaming events this fiscal year.
“We do not allow online casinos or support unregulated gambling applications that facilitate sports betting. This includes if an application takes consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes. , it’s a violation of our policies, “Google said in a blog post.
“This includes if an application takes 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. We have these policies to protect users from potential harm. When an application violates these policies, we notify the developer of the violation and remove the application from Google Play until the developer complies. And in the event of repeated violations of the policy, we may take more serious action, which may include cancellation. Google Play. Developer accounts. Our policies are applied and enforced by all developers consistently, “the blog states.
This is the first time that Paytm’s main application has been removed from the Google Play Store, while its other applications, such as its wealth management application, Paytm Money; business application, Paytm for Business; Movie ticketing app Paytm Insider continues on the Play Store today.
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