Will WhatsApp’s digital payment service be safe?

The latest security incident around WhatsApp could have a bearing on the launch of its digital payment services in India as these systems need to be “fool-proof”, a senior government official said. Continue Reading

Where losers are winners

I was at once amused, astonished and aghast at a couple of news items that appeared one below the other in a national daily. PayTM, a much touted desi payment app, hogged the headlines for two diametrically opposite reasons. One proudly proclaimed that PayTM’s parent company would be bidding for a sizeable stake in the private sector Yes Bank. And another announced that the same parent has tripled its losses in three years between FY2016-19, from Rs 1,500 crore to Rs 4,217 crore. Continue Reading