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Paytm has got customers by way of cashbacks, not by rendering services: Aditya P...
source link: https://nextbigwhat.com/paytm-has-got-customers-by-way-of-cashbacks-not-by-rendering-services-aditya-puri/
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Paytm has got customers by way of cashbacks, not by rendering services: Aditya Puri
- Veteran banker Aditya Puri raised questions about Paytm’s business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks.
- Puri said unlike a bank, which books revenues for offering its services and reports profit, Paytm has garnered its millions of customers by offering cashbacks.
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