And now, Paytm faces its moment of truth
As funding slowdown gathers pace, investors are raising doubts about Paytm’s soaring valuation, business model
Paytm has moved to cut spending on cashbacks, redoubled efforts to increase revenues from its financial services businesses, and has even begun charging users for processing some transactions
BENGALURU : Paytm (One 97 Communications Ltd) has spent nearly ₹14,500 crore to convince Indians to substitute digital payments for cash. For a few months after demonetization in November 2016, it seemed like the company was on the cusp of victory.