Friday, 24 March, 2023

Paytm employees are being sued by PhonePe for burning QR codes

<p>Three employees of rival fintech startup Paytm have been named in a criminal complaint by digital payments business PhonePe for repeatedly burning its quick response (QR) codes. According to PhonePe, &quot;these activities may be a part of a bigger plot to harm the reputation&quot; of the business and to &quot;create significant financial losses.&quot; The action was carried out with &quot;the clear goal of causing wrongful loss to the company&#39;s property,&quot; according to PhonePe&#39;s complaint.</p>