Paytm cannot copy Alibaba, says HDFC Bank MD Aditya Puri
HDFC Bank Managing Director Aditya Puri, speaking at Nasscom's conference on Friday, said digital payments startup Paytm cannot copy its Chinese investor Alibaba's model. "Come up with something else...If you want to copy Alibaba, you can't, because Indian regulators are better." Puri also raised doubts over the business model of e-wallets, adding that Paytm had current losses of ₹1,600 crore.