> winning so far Given PayTM’s losses[1,2], I find “winning” an odd choice of words. The reality is that digital payments in India experienced an artificial “

> winning so far Given PayTM’s losses[1,2], I find “winning” an odd choice of words. The reality is that digital payments in India experienced an artificial “bump” following India’s ill-thought demonetisation experiment, which has evaporated since. And what growth there is, is on vendor-neutral UPI (which Facebook, Google, Jio et al can all use) rather than proprietary e-wallets like PayTM. [1] https://timesofindia.indiatimes.com/business/india-business/paytm-cuts-losses-20-as-e-pays-fall/articleshow/75260576.cms https://timesofindia.indiatimes.com/business/india-business/... [2] https://www.livemint.com/companies/news/paytm-sees-its-losses-surging-in-2019-20-1550425042400.html https://www.livemint.com/companies/news/paytm-sees-its-losse...