Form is temporary, class is permanent: PhonePe rejects Paytm's offer of joining hands amid Yes Bank crisis
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At a time, when Yes Bank has been placed under moratorium by RBI, Paytm reached out to PhonePe and invited them to join hands with the electronic payments giant. As, it is to be noted that PhonePe is dependent on Yes Bank to process its transaction, but the firm has not agreed to accept the offer extended by Paytm. PhonePe's chief executive Sameer Nigam on Friday had asked the customers to be patient.