Sometimes I feel that Paytm hit nail on foot by switching to payment bank.
I also think that JIO has hurt paytm too. Because millions switched to JIO and nobody needed to recharge. Because that was the real bread butter of Paytm.
Also now JIO recharge is less than 500Rs for 3 months.
Earlier people would recharge for 500Rs for single month. So their recharge commission also drops by 67% or so. Which is big blow.
^ nah, being an all in one app like wechat in china is the main goal of Paytm. recharge,paying at restaurants,paying online, sending and receiving money from others etc all in one app
they were and still are losing money thru recharges but becoming virtual bank is the main goal of paytm. In future, alibaba may buy snapdeal or simply rebrand paytm and enter the indian market
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