Paytm shareholders, what are your thoughts on Jio entering the UPI business? And daily traders, why has the market been down for the last two days? Bloodshed everywhere.
As a Jio employee, I can confirm that WHATEVER you see around you, there are people at Jio trying to replicate the same.
Anything under the sun, it has a roadmap and a half baked product ready for launch.
I knew Mota bhai was around the corner waiting for the opportunity. It might very well be an opportunity created by him.
Reliance is the most evil Indian company.
If you cannot compete, kill it.😇
As a paytm shareholder, I don't see much impact by reliance. PhonePe, BharatPe were all 3 years late compared to Paytm when it comes to soundbox. Even when PhonePe, BharatPe gave away soundboxes and rentals for free, Paytm has grown their soundbox business steadily while being paid (adding ~10L every quarter), I read somewhere that they have around 80% market share in soundboxes. They already have 1.1Cr soundboxes and there are 4.1Cr Merchant QRs in India. So by the time reliance launches to the masses, Paytm will be at 1.5Cr and market for soundboxes will be at 2.5 Cr max. So I don't see Jio having much of business impact as others already gave away the soundboxes for free earlier and still merchants stuck to Paytm.
If the product by Jio is just a copy, then I don't see them getting any traction. The rentals are already dead cheap at 100 per month, so even merchants won't see much upside on switching. That's my take
One97 to hit 197 soon
How much more do you think Paytm will fall further? It has already crashed by 150+, blood everywhere!
Below 300
As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.
