This is what PhonePe CEO Sameer Nigam has to say on Paytm’s ‘troubles’

PhonePe expects to increase market share due to Paytm’s troubles. CEO Sameer Nigam emphasizes compliance and plans to attract rival customers. Paytm has shifted accounts to Axis Bank to continue operations after the RBI deadline. CEO Sameer Nigam without naming Paytm said that the company may capitalise where its competitors are at a loss.