'Most Evil Company in The World': Paytm Founder Vijay Shekhar Sharma Slams Facebook
After trying WhatsApp'southward UPI-based payment characteristic, we found information technology actually handy and like shooting fish in a barrel to use. But, the service has not been receiving a lot of appreciation from the competition. Paytm CEO Vijay Shekhar Sharma, who recently bashed the app's payment service for its lack of security, has at present entered attack mode against WhatsApp and parent company Facebook.
"Facebook is the most evil visitor in the earth", Sharma told Business concern Standard from Canada. He cited how the company had before tried to loot India with hollow promises of free internet and is now ignoring all regulations that a mobile payment app is required to follow. Sharma called for a level-field among competitors and said that the company is trying to "arm-twist" rules to adjust itself.
Sharma pointed out that payment apps in Republic of india require a three-factor authentication machinery with personal identification – popularly known as KYC – beingness the 3rd stride. WhatsApp, as per Sharma, is playing "cheap tricks" and killing the "open up UPI organisation". Merely Sharma'south appeal could be a foul cry considering as per NCPI standards a login session is "advised" for apps using UPI payment, but is "not compulsory".
Those complaining abt Whatsapp are the same folks who reject to entertain neutral payment options(like @MobiKwik )on their ain ecom websites/apps and instead promote but captive wallets. A standard of interoperability should incl wallet credence as well 2/north
— Bipin Preet Singh (@BipinSingh) February 14, 2018
Sharma's remarks take also been criticized by leaders of several Paytm competitors including Mobikwik and Freecharge. Mobikwik's co-founder Bipin Preet Singh said that those criticizing WhatsApp's new features want to maintain a monopoly over the e-wallet and online payments niche in India.
All companies threatened by Whatsapp payments are going to tag it as anti national and effort to pull information technology downward every bit information technology's hard to win on merit against network effects of Whatsapp.
This strategy worked for Patanjali and wonder if it will piece of work for payment companies.
— Kunal Shah (@kunalb11) February 14, 2018
Meanwhile, all the companies "threatened" past global players like Facebook will brand the feature "anti-national", is what Freecharge's CEO Kunal Shah believes. Other experts, as per Business Standard, have said that WhatsApp Pay is currently in "beta testing" and we should wait before jumping to conclusions.
These differences between Paytm and Facebook resulted in WhatsApp'south global Business organization Caput giving upward his position from Paytm-parent One97 Communications' board of directors. While sources close to Facebook have suggested it is ideal to look until the final version is rolled out, Sharma strongly believes that the company volition not be making any changes later.
At the aforementioned time, Facebook is decorated asking its users if it is really evil, or if it is doing anything good for the world.
Source: https://beebom.com/facebook-most-evil-company-in-the-world-paytm-founder/
Posted by: mcraeopoetinat.blogspot.com
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