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'Only 20 Indian (tech) firms worth billion dollars… How will they fight evil, big-tech guerrillas?' | India News

Vijay Shekhar Sharma, founder & CEO, Paytm, believes govt’s new digital media laws will help check monopoly of big firms, says the start-up ecosystem in India has come of age with more capital available, and admits the pandemic created acceptance for online payment services like Paytm. The session was moderated by National Business Editor Anil Sasi
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Paytm crisis: All eyes on Vijay Shekhar Sharma, and his plans to avert RBI blow

The central bank's order has added to the worries of both customers as well as digital payment service provider, given the move will have huge implications on company's financials. A day after the RBI announcement, Sharma took to his X account to assure users that the multinational fintech company will continue to work as usual.
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Action against Paytm by RBI, which has failed as a digital payments regulator, is arbitrary

It appears that RBI has sought to make an example of Paytm, without considering the impact this has on merchants and consumers. Unfortunately, this is not unexpected. RBI has repeatedly failed merchants, consumers and platforms as a payment regulator in several ways.
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