Any competition that grows the payments ecosystem is good for Paytm: Vijay Shekhar Sharma

Any competition that grows the payments ecosystem is good for Paytm: Vijay Shekhar Sharma

Paytm founder Vijay Shekhar Sharma. Photo: Pradeep Gaur/Mint

COVID-19 and growing competition in the Indian digital payments space have thrown new challenges at India’s most valued startup Paytm. The digital payments giant is locked in a fierce battle with the likes of Google Pay, Walmart-owned PhonePe, and the fight is only going to get tougher given the entry of Facebook’s WhatsApp.