wallets

6 ARTICLES

wallets
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Is Paytm Payments Bank on borrowed time?

While the payments bank’s new board tries to impress RBI by scrubbing all links with its parent and founder, the regulator may well be biding its time before it pulls the plug.

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What next for Paytm and Vijay Shekhar Sharma?

The fintech giant and its founder are not new to crises, but the latest debacle dwarfs anything the company has faced in the past. The road to revival will be a tough one.

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FamPay crisis deepens after NPCI’s new directive on UPI

Just months after it moved customers to its TrioTech wallet, the pocket money app would likely have to wind down its UPI offering by 30 June.

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FamPay’s TrioTech bet misfires

The pocket money app ditched a recognized bank in favour of a little-known non-bank entity to serve as its prepaid wallet partner. It has lost customers and credibility as a result.

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FamPay eyes UPI for survival

Unable to make or raise money, the pocket money app is transitioning into a UPI-based payments platform that will no longer be exclusive to teens and their parents.

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Paytm is stuck

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

12 Nov 2019