Lol. How bad was it earlier that they now have 77% growth . Like they earlier had 1 merchant joining every week and now 77 ?

The math ain't mathing blud 💀💀 
  
 77% increase means that if there were 100 merchants joining earlier, this time 177 are joining

Product Manager

Software project manager

Welcome to Fintech India's Private Community

BharatPe saw 77 percent surge in merchant onboarding in February 2024 compared to the previous month, and its website traffic for onboarding inquiries rose by over 47 percent during the same period

BharatPe sees 77% surge in business amidst Paytm's payments bank troubles

BharatPe sees 77% surge in merchant onboarding business amidst Paytm's payments bank troubles

Software Developer

BharatPe sees 77% surge in merchant onboarding business amidst Paytm's payments bank troubles- Grapevine

Welcome to Indian Startups's Private Community

Noticed a bunch of merchants and sellers offline shift to HDFC or phonepe qr machines entirely. Some have added them as backups but very few.

Seems like most users prefer one UPI payment gateway/app or the other but don't usually keep backup brands.

Paytm rep has definitely taken a hit in the market.

Paytm UPI POS disappearing fast

Product Owner

Welcome to Software Engineers's Private Community

What's happening in the company? Is there a comeback plan in action? Are you guys working on shifting the existing merchants to a different bank? 
Give us some insider info👀

Paytm folks?

Backend engineer

Welcome to News Discussion's Private Community

Ashneer Grover statement on RBI vs Paytm

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 company. To that extent, PayTM does deserve a lot of respect from the entire startup community and all of us.

But in current context, they were found to be persistently non-compliant on certain regulations: regulations which are not new and which exist for the protection of consumer interest and overall trust in the ecosystem. That PayTM failed to adhere to them, is squarely on them. That is just oversight or just negligence on their part, and they are facing the consequences of their (in)action.

Why then this show of support for PayTM, who clearly is at fault here? Is it just sympathy for VSS and other PayTM employees who see a lot of their wealth dissipate overnight? Is it just teenage rebellion spirit against the "system" and believing startups are above them? Or is it just accepting that it is okay to cut corners, almost with the guilt of knowing we have erred similarly too?

I get the respect for the company and VSS, I do. But to present them as heroes who have been hard done by regulators, is a grossly misleading narrative.

PayTM, not a victim

Investor

- Paytm's shares rose by 15.65%, ending Tuesday's trading session at INR 753.60, boosting its market capitalisation to $5.71 Bn.
- CEO Vijay Shekhar Sharma announced plans to reinvest in the consumer payments business, following a significant loss of consumer base.
- The company recently allotted 93,284 equity shares to employees under ESOP programmes.
- Despite the recent surge, Paytm's shares are still trading over 60% lower than its listing price of INR 1,950.
- Sharma expressed regret over his choice of investment bankers for the company's IPO.

Source: [Inc42](https://inc42.com/buzz/paytm-zooms-over-15-after-vijay-shekhar-sharma-reiterates-focus-on-consumer-payments/)

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments

Journalist

I need a payment gateway for my website, mainly for Indian users. But most of the payment gateways are on embargo due to RBI guidelines.
Does anyone know any Payment Gateway which is onboarding new business?

Payment Gateway that's Onboarding in India

Software Engineer

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

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 moves by the rivals after penalising them?
Or is the system that rigged to make sure their friends can get all the business to technically get the favors, funds, etc? 
Any thoughts on this? 
Whether is it too cruel and unfair that system just can't come into action to stop such moves otherwise how the startups anyway could rival the innovation that happens in the West if our own system anyway is there to cripple in such scenarios or do you think it's all fair in the name of business (you donot follow regulations, you will have to suffer eventually)? 
PS:- This is just to have a healthy discussion without any biases intended, with no political agenda in mind. I hope you'll keep the discussion healthy and interesting. 
Picture source:- stocktwits(ig)

Is system really fair? Thoughts on JioFin acquiring Paytm Wallets biz.

Product Engineer

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???

Paytm and it's downfall

How is Paytm, Bharatpe and Khatabook are doing in lending?

Analyst

Authorization will enable the payment companies to onboard new merchants onto its platform for processing online payments. 

Folks at these companies, how big is this? How is the company reacting?

Last year, the central bank asked Razorpay, Cashfree, PayU, and Paytm, which hold in-principal approvals for payment aggregator licence, to stop on-boarding new merchants till they get the final licence.

RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants

PhonePe crosses PayTM in terms of MAU

Corporate Strategist

Now that Paytm postpaid option is not available, where are you guys switching to?

Paytm Postpaid

Welcome to Personal Finance's Private Community

RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.

RBI is one of the most stringent Central banks in the world. This also ensures a lot of financial stability in the country, sometimes overdoing the regulations.

Once you fix the systems and comply with RBI, business is back to usual. This has been the trend in all the notices that have been sent across to all the different companies. Paytm should be no different.

Paytm has a book value of 205. In case the stock hits a few more lower circuits, in the words of Ashneer Grover, it'll be a "Screaming buy".

Every good opportunity comes with a lot of risk. The primary risk here is that Paytm doesn't get its act straight and RBI at the end of February imposes the actions that are mentioned in the circular.
 Next line in such a case. Well the money is lost but if they fix the necessary things within time then it's going to be a jackpot.

Catching falling knives is never easy, and it's bound to hurt you, but hey, "Risk He Toh Ishq He".

Next lower circuit is ~487rs 
The one after it is ~390rs.

I think anything under 500 is great price without the RBI impact. If it hits the circuit tomorrow, I'll start buying on Monday. If it doesn't, well, salary is already credited, so it's time for some risky investment.

Going to buy Paytm Stock

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

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