VSS need to play some nationalism card to redeem from this situation.
Tbh Paytm calls calamities like this upon itself. I'm in Paytm and the way they handle sensitive user information, KYC related information, etc. is just absurd. I'm still amazed that this way of working is acceptable/not disclosed yet in public
Do you think the compliance rules in India are way to complex and that's why Paytm can deliver an excellent product which banks fail to do? Or it's just Paytm being lazy/careless to not do the obvious easy thing?
I don't have enough domain knowledge to compare India's compliance rules with other countries. What I know internally is that Paytm is too lazy to follow compliance rules. Skipping compliances obv reduces some extra efforts from the user and hence improves the business metrics but once RBI gets to know about it this is what happens
Mtlb kal se scanner nhi puchna hai??
*2024
Controversial take below: No doubt that PayTM has been a poster-boy of Indian fintech startups. And Vijay Shekhar Sharma has been an exceptional entrepreneur: building PayTM into a homegrown brand and a multi-billion dollar public compan...
I actually believe in a better India from the bottom of my heart where individuals who were not able to crack top tier colleges (IITS/IIMS/BITS) at a young age can still succeed in life on a comparable level, even when it comes to startu...
Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious.
Is the system really fair to allow such move...
