Just went through RBI's note and developments as per major news houses, so Paytm would no longer be an app which used to be in almost every indian's phone march onwards. such a downfall of a firm who enjoyed their best time post covid.
Bhyi anyone knows how can i withdraw/utilise my food wallet from Paytm. Got 1.5k bucks there, don't wanna give a penny to Vijay.. any ideas?
On a serious note, i'm gonna miss paytm. it was an great app, atleast their wallet was the best ever, better than upi since the txn can't be unsuccessful. also they brought one of a kind revolution in e payments. RIP Paytm🫡
Pura pade lete. RBI has said withdrawal of existing customer funds is not to be stopped. Only onboarding new customers or adding funds is stopped that too from 29feb
Woah woah, relax 😂
Jugaad mil jaayega.
buddy that i know, but paytm for me (or maybe most people) would no longer same as usual. why would i use them if wallet is not there and simply for UPI i prefer bhim or respective bank's app. but yea UPI isn't effected but i have lost trust in em. it could have been next mini yes bank scenario
Yeah, agree with you.
Do you really believe that when a 40k crore company receives an RBI notice they'll simple fold their hands and close their business where they spent 14years building one of India's largest systems;
Or would they just swallow their pride, cut back on their tactics and work as RBI wants them to.
Companies aren't built overnight, and they don't die overnight either.
People just love fear mongering and howling that everything will fail.
More power to the Paytm leadership and VSS. They're the inspiration of the Indian startup ecosystem, and one of the biggest success.
Good riddance. Nothing sounded right about that company from day one. I feel sorry for all the retail investors who have that stock
Pls Don't kill me for this. I like Paytm over other apps. It works as a single point for everything I need, be it UPI, CC payment, movies, events, travel, investment and what not.
Is AI to be blamed for this or their Paytm Bank Ban? I l...
Any idea how to transfer money from paytm food wallet to bank. After feb 29 what will happen to the money in that food wallet? Suggestions please?
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 ...
VC here. Doing this for fun. Don't take all views seriously.
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. Th...