BouncyQuokka
BouncyQuokka

Startups coming out in support of Paytm

I know a lot of people from startup community are coming out in support of VSS & Paytm. But they are happily ignoring the news & experts' words of caution. Look at what ex-RBI director has to say on the issue. IT WAS A DISASTER IN MAKING SINCE OCT'23. No one is above the law of land. Startups don't mean you can innovate at the expense of compliance. https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-order-restrictions-disaster-in-the-making-18940381.htm

10mo ago
Find out if you are being paid fairly.Download Grapevine
FuzzyDonut
FuzzyDonut

India never truly ended License Raj.

SwirlyTaco
SwirlyTaco
PayTM10mo

It's necessary in some businesses to protect the consumers

PrancingBurrito
PrancingBurrito

It's not about License Raj.

Just read about how they were utilising customer's deposits.

PrancingBurrito
PrancingBurrito

Protecting customer's hard-earned money > Sympathising with non-compliant cash burning setups

MagicalPotato
MagicalPotato

True

BouncyMarshmallow
BouncyMarshmallow
BYJU'S10mo

This can happen to any bank. Not only Paytm

Discover more
Curated from across