What would be the impact of the war between Paytm and WhatsApp on a common man?
Askedby Hitesh K Prajapati
Answered by NewsBytes
Whenever competition increases, consumer wins. We can now expect tons of freebies by these companies. However, there will be a blood-bath and only one of them will win. This is a 'winner-takes-it-all' market. Moreover, if claims by Paytm are true, WhatsApp Pay will not have 3-factor security measures, which can lead to an exponential rise in frauds. We will have to wait and watch.