What has Paytm done wrong? | Faye D'Souza
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- čas přidán 8. 02. 2024
- The Indian FinTech world’s original giant, Paytm is facing uncertainty after the RBI has barred its Payments Bank from offering any of its core services. What does this mean for customers? And will the company survive this big blow?
Producer: Subhankar Singh Samanta
Researcher: Sara Varghese
Video Editor: Subhankar Singh Samanta
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#Paytm #PaytmPaymentsBank #UPI #Wallet #One97Communication #VijayShekharSharma #RBI #FASTag #FinTech
How many of you confused the Paytm bank issue with Paytm UPI?
Per Paytm's announcement on their app, grace period to spend/deposit is till 29th of feb. However, you can withdraw your money after 29th feb as well.
The reason for failure is that Indian startups are not moving fast and innovating. The mantra we use is 'fake it till you make it' . I am developer working in multiple startups. I have not seen a glimpse of innovation other than Hire fast fire faster
You are also in the same rat race "make money while the Sun shines".
So don't try to act as if you did not know anything.
You should host more conversations around finance and economy. Loved the deconstruction and sequence of the entire episode.. infographics can add to capturing audience..
On RBIs action, I believe they did the right thing at the right time. Regulation in fintech has to be on point. RBI sending a clear message to current and upcoming players in this industry to take compliances very seriously… That’s how u establish the governance and institutional effectiveness for a reliable financial system.
This is a msg to PAYTM Owner thru RBI contribute to PM care fund or face the pressure
arm twisting from bjp for donations or else rbi is let loose on vijay shankar for 'non compliance'.
Paytm is facing this tussle with RBI since 2017 and PM CARES came in picture in 2020. There are genuine problems in the way Paytm is functioning which needs to be addressed. Don’t let your ideology blur your objectivity.🍻
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Thank you Faye. This was helpful.
By the way, are you sweating ? Surprising in Bangalore winter
Maybe they didn't Pay To M for the 2024 elections 😂🙈
Very insightful Faye 👌👌
Very well explained! Thank you !
Very clear and helpful summary of paytm problems.
Loved it. Very lucidly clarified.
first person to watch.. really you made a point.. now I understand what is the issue completely. thank you Faye
THank you so much! I am glad i could help!
You can innovate as much as you like unless you are a bank. Once you are a bank but you cant flout rules and regulation set by RBI.
Great video! Well explained
Honestly any consumer using a product made by any startup is a fuool . Anyone who values their wealth must only invest in companies with at least 2 decade of track record
How SEBI allowed IPO for Paytm?
Because there was a Himalayan yogi who said yes . Now you know who the yogi is !!!please rename it Paypm.
Ur channel is one stop solution for financial issues and crisis
RBI is a regulator amd it is doing its job. Cant understand why the media or startups should expect anything else. They are not here to support new business ideas and innovation in business, they are here to regulate banking operations. People should understand the role that every organization has. RBI is doing a fantastic job and we should be supportive as citizens that we are protected with good governance of this institution.
RBI should allow other payments portal or payments Bank in line with Paytm so that there is no partiality.
Inspite of the RBI comments, the Paytm model is a systemic risk, which will play out if the company devolves. What remains to be seen is the whether the response of the authority to a recalcitrant first mover is justified for the pain that it will visit on all the stakeholders. That isn't a measurement that the RBI would have mathematically made. Either their transactions were fraudulent ...or not. Its digitally auditable so hindsight is 20:20. More than we can say for most banks. Its a sad day for the RBI.
maam....are you sweating?
PayTM lucked out at the time of demonetization. Without that they would not have grown as it did. If I'm not mistaken, they won't be making money for a long time to come and is in existence purely on the funding it received. This has nothing to do with not being pro innovation.
I think RBI made right decision. Kyc comliance is basic and fundamental complaince of any banking industry.
Yes you are right rbi want the name so that it can stop opposition fund during election time. however gov can raise infinite electoral bonds those are ok to rbi..
Thank you explaining the paytm story clearly.
My pleasure
Me who was studying money laundering chapter thinks they should have followed rbi compliance why are startups crying about this
You speak so well!!!
Vijay shekhar sharma is very well connected to Modi Government, he won't face arrest even if he does any large fraud....
I welcome the RBI actions, despite communcation from RBI if PayTM did not follow compliance with KYC then I believe some #MoneyLaundering would have hsppened
I am surprized by ur words of trying to paint RBI as villan for just following its regulation duty
I don't think she is saying RBI is the villain at all. I felt she is saying they let the problem continue and the size of the impact is bigger than it should have been. She also says in the end there are other startups and how will RBI monitor them as clearly they are growing faster and doesn't have the compliance focus like traditional banks.
@@satheesht India's FIntech is growing Exponentially I agree we need a strong complaince too so that these ventures does not go scotfree in some wrong direcftion and get caught when they have a huge footprint which will impact #businesses
Paytm was used by the PM to reach every vendor . Now he is making it easy for Mukesh Ambani to buy the business off. The BJP sorry Modi ji has broken the spine of every start up in India be it Bynum be it uncanny and now Paytm. Please rename it as ‘Paypm’
Affectively... Affectively... Affectively...
Excellent content, but yes, it's jarring to hear affectively instead of effectively
How much will a tele promptor cost ??
A good one? About 1,00,000 rupees
@@FayeDSouza I need an account to transfer!!
@@FayeDSouza would you like me to contribute??
Reality is Ambani invested money in Paytm initially. Now he is taking back patm with cheap rate and later he will show 400 or 800 percent increased. Ambani and adani become super rich by doing this kind of cheating with the help of corrupt Congress and bjp parties. Only AAP led by kejriwal can punish theses criminals
Law of the land should be complied.
Time will come to reveal the truth
Move fast and break laws.
There is a political fix through his brother
U need. A mirror more than a teleprompter....work on that..
rbi main guy didnt get his cut of bribe. so he burns it down
Nobody run any business successfully without deviations
ADANITM