Post the demonetisation drive launched by PM Modi towards the end of last year, the competition among digital payment service providers has further intensified. This has caused leading digital payments platform Paytm to lead the pack with a massive uptick in numbers. And this has now led one of them, namely Mobikwik, to finally raise its voice to address a major concern within the ecosystem. One of the co-founders of Mobikwik, Upasana Taku, claims that Paytm is misleading the populace of the country by posting inflated user base and transaction numbers. She is of the opinion that the digital payments provider is exploiting its popularity to turn the cogs into its favor. And this is evidently hurting not only the business but also the brand of other players in the same digital payment space. Read more: thetechportal.com
