Apt representation of PAYTM

VSS need to play some nationalism card to redeem from this situation.

10mo ago

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SwirlyTaco

PayTM10mo

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

ZestyPanda

Alteryx10mo

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?

SwirlyTaco

PayTM10mo

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