• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

PhonePe and Paytm in a spat; PhonePe’s QR codes burnt

by Aayush Pathak
August 1, 2022
in India News, News
Reading Time: 2 mins read
0
PhonePe by ET
TwitterWhatsappLinkedin

The online payments competitors PhonePe and Paytm are at odds after PhonePe went to the police and claimed that three Paytm employees had burned its QR codes. According to a PhonePe representative, the event is believed to have occurred in Greater Noida, and the business has contacted Surajpur Lakhnawali police station.

You might also like

Larry Ellison Surges to World’s Second Richest, Overtaking Jeff Bezos and Mark Zuckerberg

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Ever since a footage of a stack of their QR codes being set aflame appeared, PhonePe decided to proceed with its case. A Paytm Area Sales Manager was one of three Softbank-backed Paytm personnel that could be recognised in the clip, an official at PhonePe claimed. An ex-employee of PhonePe has also been recognized as one of the three. The suspected workers have indeed been dismissed immediately, according to a Paytm representative, while Paytm conducts an internal review. According to the complaint made against the concerned employees, the crime was committed with the intention of harming PhonePe’s image

A Paytm spokesperson spoke to Moneycontrol in detail about the incident and shared interesting insights. “This matter is between Phonepe and its ex-employees. We condemn the act committed by these rogue employees, who have already been suspended from the company pending a detailed investigation.”

He further said, “We do not tolerate any act of misconduct and always stand by the highest standards of work ethics. Paytm has been the pioneer of QR code payments in the country and takes great pride in significantly contributing to the growth of India’s digital ecosystem.”

PhonePe CEO Sameer Nigam responded to Paytm’s accusations on Twitter in order to express his rage.

His tweet raid, “Worth mentioning that this ‘ex’ employee of PhonePe works for Paytm now, and there are 10 other people in the video burning @PhonePe QR codes in broad daylight. Anyways, let the police investigate the matter and justice prevail…”

TweetIn order to expedite the acceptance of payments, stores and other commercial institutions display QR codes, which are online payment reception channels. These paper-based QR tags are typically attached to walls to make it simple for shop owners to collect UPI payments. Businesses, or shop and store owners, can accept UPI payments from clients with the aid of QR codes. PhonePe and Paytm each have a 13% share of all monthly UPI transactions (P2P and P2M), which together account for 46% of all transactions. Paytm has a base of 26.7 million users, compared to PhonePe’s 32 million merchant partners across all of India.

 

Tags: paytmPhonePe
Tweet54SendShare15
Previous Post

China’s Nio to open its first overseas plant in September for European market

Next Post

Russian strikes kill major Ukrainian grain exporter; drone hits naval base of Russia

Aayush Pathak

Recommended For You

Larry Ellison Surges to World’s Second Richest, Overtaking Jeff Bezos and Mark Zuckerberg

by Rounak Majumdar
June 15, 2025
0
Larry Ellison Surges to World’s Second Richest, Overtaking Jeff Bezos and Mark Zuckerberg

Larry Ellison, the co-founder and chairman of Oracle Corporation, has made global headlines by becoming the world’s second richest person, surpassing tech titans Jeff Bezos and Mark Zuckerberg....

Read more

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

by Anochie Esther
June 15, 2025
0
Trump

California Governor Gavin Newsom has accused the Trump administration and the U.S. Department of Defense (DoD) of spreading disinformation in an alleged attempt to justify the military deployment...

Read more

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more
Next Post
Attack on Ukrainian port city depicted

Russian strikes kill major Ukrainian grain exporter; drone hits naval base of Russia

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?