Shares of Paytm closed at an all-time low on Tuesday, a week after the post-IPO lockup period for early investors expired, amid competition risk from Reliance
One needs to triangulate the three news items.... - Reliance's entry - Paytm fall - Govt upcoming move to cap UPI market share https://indianexpress.com/...
Indian telecos thought they could win in India's financial services market thanks to payment banking licenses. Everyone, including me, thought replicating the m-pesa success was imminent. But that didn't happen. Largely because of UPI. Will this time be different for Jio?