QR, those radios which can't play Arijit or Eminem and Fast tag was major revenue maker of Paytm.
Now see, how phonepe targetting that segment that too without a monthly subscription.
Ohh, yes.
It's a 1 time fee and that can be masterstroke for another decacorn PhonePe. ( ~13B )
Vss was caught sleeping on weekends.
Vendors will not prefer one time 1300 over monthly 100, and that is not a masterstroke. The fact that Phonepe thinks this will works, tells you how far removed from the reality of merchant ecosystem
Actually I roam around tier 2-6 and general merchant view is like...
Me - Paytm loge?
Merchant - , wo band ho gya, aap phonepe krdo.
Me - Are nahi band hua h, scanner do Paytm ka.
Merchant - Gareeb admi h sahab , sunne me aa rha Paytm band ho jaega Sahara ki tarah.
I paid through phonepe and moved.
Moral - At ground public sentiment is utter negative
I am not commenting on the sentiment of Paytm. I am just saying this strategy won't work. No new merchant is paying 1300. Phonepe had distributed its first 20L soundboxes essentially for free. Next time when you go, ask the merchant, Phonepe ko kitna dete ho or kya 1300 doge soundbox ke liye. You will get your answer
They are charging a lot bro lol. I paid 3 or 3.5K as lifetime charges for the Paytm POS and it deducts 25/- every month for the sim.
Today it’s Paytm tomorrow it could be them. World is a scary place.
Migrating PhonePe to India 1B $ in useless tax
Like that stupid separation of PhonePe from Flipkart ~0.7B $
Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?
Maybe, Taking on Reliance retail and Amazon in India? Tech infra for Walmart (random guess) 100% or ownersh...
After krutrim, perfios, Porter is the 3rd startup which has turned unicorn 🦄
It has solved some problem for sure unlike krutrim
I remember, when I moved to blr...it was a life saviour.
Such startups deserve to be an unicorn 🦄
Porter is actually amazing. I use them at least once a month and they’re so on point One of the guys who made G...
GooglePay ke interview mein I told them that unlike in GooglePay the money getting stuck issue doesn’t come in PhoneP...
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.
