PayTM, 31st Jan

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

10mo ago

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Curated from across

Misc3mo

What's happening with PayTM seems very suspicious

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.

1.8K

Indian Startups10mo

Paytm gets a shock from RBI

PAYTM Payments Bank essentially asked to shut shop.

Afaik here are the few implications

Stock market will react in a bad way to them
Worst affected are going to be FasTag users who bought from PayTM.
No deposits / credits...

Top comment

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

News Discussion10mo

Paytm's transactions looks quite shady

Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.

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