Google has pulled down popular financial services app Paytm from the Play Store for violating its gambling policies. Google in a statement said that Play Store prohibits online casinos and other unregulated gambling apps that facilitate sports betting in India. It added that the move includes those apps which leads consumers to an external website that allows them to participate in paid tournaments to win real money/cash prizes. Assuring users that their money was safe, Paytm in a tweet said, it was working with Google to restore its app on PlayStore. It added that all services are fully functional on all existing apps and users can continue to enjoy Paytm like before. Paytm is India’s most valued startup and claims over 50 million monthly active users. Its marquee app, which competes with Google Pay in India, also disappeared from the Play Store in the country earlier on Friday. The announcement from Google is being seen as a preemptive attempt to remind other developers about its gambling policies, as the Indian Premier League kicks off.