Paytm dumping capital to gain customers: MobiKwik CEO
Mobile wallet MobiKwik CEO Bipin Singh has accused sector leader and rival Paytm of dumping capital to gain customers. Singh added the investment has been used only for cashback and discount offers by Paytm, without contributing anything to innovation. Referring to Paytm's biggest investor Alibaba, Singh cautioned that data of Indian customers can be used by foreign companies.