Imagine Paytm minus Alibaba

Following the India-China spat and the uneasy tension between Paytm and its largest shareholder, this what-if hasn’t received as much attention as it should have.

Exactly three years ago, Paytm founder Vijay Shekhar Sharma, on being asked about digital payments company’s funding plans in an interview with BloombergQuint, proudly said, “Mere paas ma hai, Jack Ma”, referring to the founder of Chinese e-commerce behemoth Alibaba Group. Today, Sharma is trying everything to erase his company’s China connection from the memory of Indians as well as regulators.

With anti-China sentiment at an all-time high in India since border clashes between Indian and Chinese soldiers in June and the suspension of Alibaba affiliate Ant Financial’s much-anticipated $37 billion initial public offering in China, things aren’t …


Arti Singh

Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.