PayTM, 31st Jan
Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
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.
Dude it's a lala company all over. Remember how Indians pee on walls where it's written do not piss. The same Indians are running the company. No regards whatsoever for rules and regulations
U putting stone in your own plate. Work for paytm talk about Paytm.....
Disc: Not invested. Everyone is after Paytm's life. Literally Zomato did the same thing, but Paytm is singled out. Government wants it to die. The last time a government so strongly wanted to kill someone, Standard Oil was broken into 39 entities in 1911
Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.
Paytm is becoming the Enron of India with so many allegations of fraud and compliance issues.
As title says , there are so many narratives going around
Could you give some insight how the management is working upon it
Really ?
Even after receiving multiple notifications from them ?
Even after submitting false compliance reports to them on various instances ?
Even after they had put monetary penalty on you for continued non-compliance with KYC norm...