HDFC Bank MD takes dig at Paytm, says wallets have no future
Speaking at a Nasscom conference on Friday, HDFC Bank Managing Director Aditya Puri cited digital wallet Paytm's example to say, "There is no money in the payments business... the wallets' proposition as a valid economic model is doubtful." Claiming that the wallets business has "no future", Puri said that Paytm has a current loss of over ₹1,600 crore. 