As per information sourced from Entracker.com, Mr. Anubhav Sharma, former head of NPCI is all set to join Paytm. If this goes through well, it will help immensely for Paytm to compete against Google Pay and Phone Pay in the digital payment business specially UPI, where Paytm is lagging in terms of the number of transactions.
Founded in 2008, the NPCI is a non-profit organization established by Reserve Bank of India & Indian Banking Association and responsible for all the retail payments and settlement systems in India. UPI, the payment gateway architecture is also made by NPCI.
Paytm in the last 3-4 months has seen top-executives exiting the company from Mutual Fund, Insurance, Payment, and Gaming business.
Let us see how things unfold for Paytm going forward. As of now, things are looking quite choppy as far as business of Paytm is concerned.