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The RBI's crackdown on Paytm, Visa, and others seems driven by sketchy actors riding speed and scale, underpinned by issues of identity, tech, and competition (Andy Mukherjee/Bloomberg)
Feb. 22, 2024, 12:15 p.m. |
Techmeme www.techmeme.com
Andy Mukherjee / Bloomberg:
The RBI's crackdown on Paytm, Visa, and others seems driven by sketchy actors riding speed and scale, underpinned by issues of identity, tech, and competition — The central bank is worried whether the country's 50 million merchants accepting online payments are real, and if they're moving money for genuine purposes.
bank bloomberg competition crackdown identity rbi scale speed tech visa
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