Paytm says users money safe after Google removes app from Playstore

Digital wallet Paytm said its users’ money is “completely safe” after Google Play Store removed the payments app for alleged “unregulated gambling”.

Paytm is India’s leading digital payments app, claiming over 50 million monthly active users. Twitter users were first to spot the app was missing from the Store.

“All your money is completely safe, and you can continue to enjoy your Paytm app as normal,” said the company on Twitter.

The company had not breached Google policies but was running an offer that gave its users stickers, for payments and money transfers, which could then be used to redeem cashbacks – a move Google deemed as gambling, a Paytm spokesman told Reuters.