Paytm CEO Vijay Shekhar Sharma cooked up a storm on Wednesday when he tweeted on Wednesday that Facebook, which owns instant messaging app Whatsapp, was flouting the rules of a level playing field.
“After failing to win war against India’s open internet with cheap tricks of free basics, Facebook is again in play. Killing beautiful open UPI system with its custom close garden implementation. I am surprised, champions of open @India_Stack, let it happen!” Sharma had written in the tweet.
After failing to win war against India’s open internet with cheap tricks of free basics, Facebook is again in play.
Killing beautiful open UPI system with its custom close garden implementation.
I am surprised, champions of open @India_Stack , let it happen ! https://t.co/wIsNuF1AiB
— Vijay Shekhar (@vijayshekhar) February 14, 2018
The statement, however, did not go well with the Twitterati who took the entrepreneur head on.
Issue is that UPI transfers are absolutely free.
So Now How will @Paytm loot the People by charging 3% Bank Transfer Fees?
— Adarsh Choudhary (@CricketAdarsh) February 15, 2018
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Thats exactly what he is telling, UPI won’t charge as its a bank to bank transfer, unlike bank to wallet and then wallet to bank.
You are panicking because it will damage your business profit nothing else. By the way article says it could be the way of Facebook . They are not sure . So keep mum …,
Whatever whatsapp is doing is right you are no one to judge ok,Watch your paytm first improve it and then talk.
Seriously such a shame.
Why are you worrying dude..? When you are the leading player in digital payments..? Scared or what..?
Kids use Paytm and WhatsApp, Legends use Blockchain!I can breathe the insecurity in the air.
I have highest respect for you & consider you my youth icon… It’s really disheartening to see you getting frustrated by a competition… It’s a part & parcel of business… The challenge is what keeps you motivated to do better every single day… Keep rocking… All the best