Paytm CEO Vijay Shekhar Sharma Doesn’t Respect Flipkart Or Snapdeal, Interview Suggests

Paytm CEO Vijay Shekhar Sharma has been known to speak his mind. “In this country, there’s no f*cking better brand than us!”, he’d roared at a Paytm party recently, before claiming that his company had achieved numbers in 2 years that others took 5 years to reach. It had seemed a dig at Flipkart and Snapdeal then, but now it turns out that he really doesn’t think very highly of these companies.

Paytm Does Away With Transaction Fees For Offline Merchants

Paytm is pulling out all stops to get ordinary Indians to transact digitally. After it was revealed that it had spent Rs. 588 crore in customer cashbacks last year, it has now scrapped transaction fees for offline merchants for its wallet transactions. This fees was applied to all transactions and ranged between 0.5% to 2.5% of the transaction value.