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How is the offline merchants team at Paytm impacted by the recent Govt’s rule on Paytm?

Product Manager

How is the offline merchants team at Paytm impacted by the recent Govt’s rule on Paytm?- Grapevine

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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

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

Growth Manager

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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

Can someone please explain if Paytm QR code won't work anymore from March?
So they have to go and physically replace them or can it happen at the backend? I remember Phonepe was able to do it in one day, but that was after NPCI allowed them. Will they do it with Paytm as well?
Otherwise how will they do it for so many merchants in one month?

Paytm QR code

Business Analyst

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As title says , there are so many narratives going around 

Could you give some insight how the management is working upon it

PayTM employees , could you tell us some insider information

Software Developer

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

Given what RBI has gone today is effectively shut down 60-70% of Paytm’s business, to survive, Paytm will end up doing mass layoffs of a scale that we haven’t seen before in India. And potentially with limited severance (not as generous as what swiggy or Big tech has been doing)
What would this mean for the rest of job market? So much unemployment in high earning folks, limited new jobs, means very tough competition for each opening and extremely bad situation in terms of appraisals and hikes too.

Paytm layoffs? Impact on job market

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?

PayTM, 31st Jan

Software Engineer

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Got to know today that Paytm is planning to shut down a couple of products. Accompanied by 30-40% layoffs accros teams and verticals and reducing the tech force to less than half, it feels like Vijay is done with the payment business. There is no clarity on the PA license either and VP level folks are being asked to put in papers.

Paytm on maintenance

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

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your thought on this

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How do MF manage such shocks? 
Damn, didn't know that so many MF had exposure. I think many of them may not buy more if other payment players start poaching merchants. 

Intresting to see SBI payments reacting to news. 


https://www.livemint.com/mutual-fund/paytm-stock-crash-mutual-funds-schemes-likely-to-face-music-with-navs-under-pressure-rbi-bse-paytm-shares-markets-11706776025430.html

[Paytm] Many MF will face the wrath next week

The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.

What's happening with PayTM seems very suspicious

QR, those radios which can't play Arijit or Eminem and Fast tag was major revenue maker of Paytm.

Now see, how phonepe targetting that segment that too without a monthly subscription.

Ohh, yes.

It's a 1 time fee and that can be masterstroke for another decacorn PhonePe. ( ~13B )

Vss was caught sleeping on weekends.

How is the offline merchants team at Paytm impacted by the recent Govt’s rule on Paytm?

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