Digital fee supplier PhonePe has filed a police criticism in opposition to staff of rival fintech firm Paytm for allegedly burning its QR codes.
PhonePe claimed that three Paytm staff had burned its QR codes. The criticism was registered with the Surajpur Lakhnawali police station in Uttar Pradesh’s Higher Noida on July 29.
PhonePe approached the police on the idea of a video that confirmed a pile of its QR codes being burned. A spokesperson for PhonePe stated they recognized three individuals within the video as staff of Paytm.
One of many three individuals is claimed to be a Paytm Space Gross sales Supervisor (ASM) whereas the opposite one was recognized as a former worker of Paytm, a Moneycontrol report added.
The three individuals accused of burning the QR codes embody Aman Kumar Gupta, Devanshu Gupta, and Rahul Pal.
The criticism states that Devanshu Gupta labored for PhonePe from 2018 to 2022. It additionally highlighted that Gupta knew the place he may supply the QR codes from and conspired with others to steal and vanadalise them, as reported by Financial Instances.
Responding to the incident, a spokesperson for Paytm stated that these concerned on this dispute are PhonePe’s former employees.
The spokesperson added that they condemned the behaviour of the rogue staff, who’ve already been positioned on administrative go away whereas an intensive investigation was being carried out.
PhonePe chief govt officer Sameer Nigam vented his anger on Twitter. “Price mentioning that this ‘ex’ worker of PhonePe works for Paytm now, and there are 10 different individuals within the video burning @PhonePe QR codes in broad daylight. In any case, let the police examine the matter and justice prevail…”, he tweeted.
Price mentioning that this ‘ex’ worker of PhonePe works for PayTM now, and there are 10 different individuals within the video burning @PhonePe QR codes in broad daylight. In any case, let the police examine the matter and justice prevail…
— Sameer.Nigam (@_sameernigam) August 1, 2022
The fiasco comes at a time when there’s sturdy competitors between the 2 firms for a bigger share of the digital funds sector.