As Paytm becomes a bank, what happens to the money in the wallet?


livemint.com reports:
Existing wallets will move from One97 Communication Ltd (the company currently behind Paytm) to Paytm Payments Bank Ltd. Photo: Bloomberg Mumbai: Over the next five days, the money in 160 million Paytm wallets will show up in a corresponding number of Paytm Payment Bank wallets as the wallet company becomes a payments bank.
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