Paytm founder and CEO Vijay Shekhar Sharma quipped about PayPal’s launch of its ‘super app’. Drawing the attention of Twitter users to a report about PayPal’s super app launch, the Paytm CEO said, “Yeh kehte kahin dekha suna sa hai…,” (I heard about it somewhere).
Last week, PayPal officially introduced the first version of the ‘Super App’ that offers a combination of financial tools including direct deposit, bill payments, a digital wallet, peer-to-peer payments, shopping tools, crypto capabilities and much more. does.
IPO-bound Paytm, like PayPal, offers payment solutions. The company provides online services such as hotel booking, top-up, data processing, games, mobile content and bill payments.
Due to the absence of a regulatory framework for crypto in India, Paytm still hasn’t embedded crypto trading functionality on its app.
According to reports, Vijay Shekhar Sharma will get employee stock options for the first time as a reward for taking the company to a leadership position in the digital payments and financial services space.
Esops for Shekhar comes as the company is wrapping up the final number of shares that will become part of its proposed ₹16,600 crore IPO.
Sharma, the founder of arguably India’s most popular fintech company, has a real-time net worth ₹$2.4 billion according to Forbes.
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