Great read Efi and Steffen. Agree that PayTM's "willingness to restructure, refocus, and engage with regulators and shareholders" was impressive. That said, they really didn't have much choice. The regulators body slammed them as did Chinese regulators and Ant! It shows that being a payment giant is a dangerous business!
Paytm and Ant are similar in that respect. Grab on the other hand had different regulatory challenges as they were accused of "bogus partners" in their superapp ecosystem.
Great read Efi and Steffen. Agree that PayTM's "willingness to restructure, refocus, and engage with regulators and shareholders" was impressive. That said, they really didn't have much choice. The regulators body slammed them as did Chinese regulators and Ant! It shows that being a payment giant is a dangerous business!
Indeed @rich turrin.
Paytm and Ant are similar in that respect. Grab on the other hand had different regulatory challenges as they were accused of "bogus partners" in their superapp ecosystem.
Growing up to become "super" is never easy! All of them faced regulatory pressure.
To be fair, PayTM and Ant got pressure after they were big, Grab got it on its ascent.
Thank you for your valuable feedback, Rich.
My pleasure Steffen, I'm looking forward to more great articles.