Finance Paytm witnesses surge in digital payments as people avoid touching cash Updated : March 17, 2020 06:54 PM IST Reserve Bank of India Governor Shaktikanta Das on Monday asked banks to encourage the use of digital payments. With a 16 million-strong merchant base, Paytm is seeing more businesses extensively accepting payments online. Some merchant acquirers such as BharatPe and service providers like Pine Labs have seen a slump in transactions due to shops, malls, eateries remaining shut. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.