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Nigam was speaking at the Mumbai Tech Week 2024 where he spoke about the overall regulatory environment for fintechs and RBI’s action against rival company (Paytm).
PhonePe CEO Sameer Nigam speaks about Paytm’s regulatory troubles and how it can benefit PhonePe in the online payment market. Find out more about the overall regulatory environment for fintechs and RBI’s action against Paytm.
Nigam also spoke in detail about the overall regulatory environment for fintechs and RBI’s action against this rival company. The company in question was given “ample time to accurately respond,
PhonePe CEO Sameer Nigam expects to gain from potential decline in Paytm's user base. PhonePe witnessed an increase in user base due to regulatory challenges faced by Paytm Payments Bank. PhonePe holds a 46% share in UPI volumes.
PhonePe's Indus Appstore plans to charge a zero percent fee on in-app purchases, compared to the 15-30 percent fee levied by Google Play Store and Apple App Store