If you believe that actions speak louder than words, now would be a good time to take a long, hard look at Paytm’s founder.

In the last one year, Paytm users have lost at least Rs 10 crore to frauds. At a complete loss to stem the scams and to save face, it is now going after telcos.

For Paytm, putting resources behind point-of-sale terminals is a waste of money and precious management bandwidth.

Paytm might not want to give up on e-commerce, but now would be a good time for it to stop throwing good money after bad.

The unicorn succeeded in its wallet business because its mission was to replace cash. The current organization is rudderless.