Paytm has got customers by way of cashbacks, not by rendering services: Aditya Puri - Economic Times

The remarks come amid a steep decline in Paytm's shares, which are now trading 75 per cent lower than the price at which investors bought them at the initial public offering. This is not the first time that Puri has gone public with his concerns on the models…

Veteran banker Aditya Puri on Tuesday raised questions about Paytm's business model, saying the recently listed financial services company has earned customers not by rendering services but by way of… [+2327 chars]

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