The backing from such a broad spectrum of trade leaders not solely displays the belief and reliance positioned in Paytm’s companies but additionally emphasizes the corporate’s important contributions to the technological and monetary panorama of the nation.
Pankaj Vermani, CEO of Clovia, took to X (previously Twitter) to affirm his firm’s long-standing partnership with Paytm, emphasizing the continued belief and reliance on the corporate’s companies.
Pankaj Vermani, CEO of Clovia, voiced his firm’s enduring partnership with Paytm on X (previously Twitter), highlighting their reliance on Paytm’s companies. “We have been long-term partners with Paytm using multiple services from wallet payments on our platform to Paytm ads for tactical campaigns. They continue to be our partners of choice, now and in times to come!,” he tweeted. https://twitter.com/pankajvermani/status/1754503198830698979
Deepak Shenoy, Founder and CEO of Capitalmind, criticized the severity of the regulatory actions towards Paytm Payments Bank. He contrasted this with the dealing with of previous banking crises, the place regulatory our bodies facilitated smoother transitions.
“Can’t believe RBI would just go destroy a bank like this. When Yes Bank had much bigger issues they took over and got other banks to take over. To protect the system they ensured a smooth transition in 15 days,” Shenoy mentioned in his tweet. “But now they prefer to let all the bank’s customers, vendors and partners suffer and create a confidence issue unnecessarily, and force the business down…” he continued.
https://twitter.com/deepakshenoy/status/1752739142126174532?s=20
Abhishek Asthana, Co-founder of Hood and Founder of Ginger Monkey, supported Paytm by urging a extra balanced strategy to regulatory oversight, emphasizing the results of such choices on investor sentiment and the continuity of fintech companies.
Meanwhile, Ashneer Grover, Founder of BharatPe, highlighted the regulatory surroundings’s impact on the fintech sector’s progress and known as for governmental intervention to foster a regulatory panorama that encourages innovation whereas defending shoppers.
The collective assist from trade leaders for Paytm highlights its indispensable function in India’s digital transformation and underscores the need of an enabling regulatory surroundings that promotes innovation, progress, and monetary inclusion. As Paytm continues to advance, bolstered by steadfast assist, it reaffirms its standing as a pioneering drive in India’s fintech scene, able to navigate challenges and emerge stronger.
