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1. #PAYTM INDIA IPOSINGHTECHCRUNCH MOVIE#
2. #PAYTM INDIA IPOSINGHTECHCRUNCH LICENSE#
3. #PAYTM INDIA IPOSINGHTECHCRUNCH OFFLINE#
4. #PAYTM INDIA IPOSINGHTECHCRUNCH FREE#

In addition to the official company handle, handle was changed to while handle was changed to after rebranding the logo to ‘X’, Musk made a minor change to the logo by updating it with bolder lines. Maybe I should ask for the bird from the sign since they were dismantling that yesterday too.” He told TechCrunch: “It would have been nice for them to compensate for it since it did have a lot of value to me, but things are what they are. He received an email from email address and not from any specific company employee. Hwang said that the company just took the handle without any discussion or warning or financial compensation. Twitter logo changed to ‘X’: Check how Elon Musk is obsessed with the letter ‘X’

#PAYTM INDIA IPOSINGHTECHCRUNCH OFFLINE#

To add to its worries, the company has had a number of high-profile executives depart recently including its chief operating officer of Paytm Payments Bank, the COO of its offline payments division and Abhishek Gupta, senior vice-president and COO of Paytm.Samsung Galaxy Z Flip5, Galaxy Z Fold5, Galaxy Tab S9 series, Galaxy Watch6 launch in India: Check all prices Moreover, more than 30% of Paytm is Chinese owned and at a time of geopolitical tensions between China and India, the future looks difficult at best, according to stock analyst outfit Macquarie.

#PAYTM INDIA IPOSINGHTECHCRUNCH LICENSE#

It currently has a license to operate a payments bank, which is more or less a clearing house without the permission to issue credit, which would be the ideal goal for any company in its place.Īs Digant Haira of GreenEdge Wealth Services points out, even if it becomes a company that has $15 billion in loans, other established banks already exist, and they certainly don't face the negative valuations that Paytm does. The best case scenario for Paytm is to get a banking license, a proposition that isn't easy. It has deep-pocketed investors, a determined and tenacious CEO in Sharma and investors who have plenty of cash. Paytm is certainly far from down and out.

So what does the future bode for a company that has no dominance in any one market? Global competitors such as Walmart Flipkart's PhonePe and Google Pay began winning market share and currently sit at 47% and 34% respectively, followed by Paytm at 14%. Today, it trades at ₹795, far away from its opening day high.

#PAYTM INDIA IPOSINGHTECHCRUNCH FREE#

It quickly became the go-to way to send digital money.īut there was a huge business model problem for Paytm's wallet-based solution - the platform was free to all consumers and merchants.Įven though this existential dilemma had been revealed in detail in various articles, it didn't seem to deter the team that charted the course for the company's IPOĬonsequently, Paytm's stock price, instead of soaring on its listing day as expected by founders, promoters and investors, tanked spectacularly by 27% from ₹1,955 per share on listing to ₹1,564 per share by the end of the day, the largest first day loss in India's IPO history. A full-stack, payments gateway called UPI was rolled out by the Indian government where individuals could seamlessly use their bank account to send other individuals or institutions money. Then came the moment of reckoning, a decisive turning point for Paytm. Thereafter, it attracted a number of marquee investments from the richest billionaires across the globe, including Warren Buffett, Jack Ma and Masayoshi Son. He even went so far as to mock those struggling to access cash, telling them to 'Paytm' it as ATMs were empty.Īnd Paytm indeed did ascend, becoming the de-facto solution for cashless transactions as cash itself was now a scarce resource thanks to the deeply flawed demonetisation drive. Sharma had taken out full-page nationwide newspaper ads that morning, with Modi's photo plastered onto it, hailing his decision and Paytm's imminent ascendancy. This was move was especially detrimental amongst India's poor. In late 2016 Indian Prime Minister Narendra Modi decided to, in a disastrous decision for the Indian economy and the welfare of its citizens, remove all Indian ₹500 and ₹1000 notes from circulation overnight without warning which caused widespread hardship and suffering. But the story really began well before its spectacular rise. Paytm's move into these areas coincided with a development in the Indian payments landscape that drastically altered the company's dominant position.

#PAYTM INDIA IPOSINGHTECHCRUNCH MOVIE#

Over the last three years, the company dived into consumer lending, credit cards, wealth management, insurance distribution as well as areas unrelated to its core competence such as movie ticketing, fantasy sports and e-commerce. Perhaps the biggest problem - indeed the one that further clouds the firm's outlook going ahead according to many of the company's analysts and observers - was its diversification drive into a confusing and unconnected group of businesses.