Indian fintech is fast, furious — and fraudulent?

FIRST, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. Then came the regulatory diktat to Visa, Inc. The network was told to halt the use of its business cards for commercial payments where a […]

Indian fintech is fast, furious — and fraudulent?
FIRST, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. Then came the regulatory diktat to Visa, Inc. The network was told to halt the use of its business cards for commercial payments where a […]