Google, Walmart Gain India Fintech Users After Paytm Curbs
- Paytm loses usage even before any disruption to its systems
- Services of Walmart, Google capitalize on Paytm’s troubles
Paytm’s decline suggests consumers are moving usage to alternative services even before any disruption to its systems.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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Google and Walmart Inc. are rapidly gaining customers from India’s Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate.