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BubblyQuokka
BubblyQuokka
Deloitte

Paytm Bank to wrap up all operations by mid March!

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11mo ago
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ZestyQuokka
ZestyQuokka
Stealth11mo

Bhai kuch bada kaand kiya hai 🙊

BouncyPretzel
BouncyPretzel
Meta11mo

I wish Paytm stock has a big freefall with this announcement

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Indian Startups
Indian Startups11mo
by SleepyMarshmallowZomato

Paytm gets a shock from RBI

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...
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Comments
user

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

user

This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...

user

Very bad. This was my everyday bank account for small transactions. Easy to remember account number also

Fintech India
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by SleepyWafflePayTM

Paytm on maintenance

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...

Indian Startups
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by WobblyWaffleSwiggy

PayTM, not a victim

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 compan...