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What would be the impact of the war between Paytm and WhatsApp on a common man?

Asked on 15-02-2018 by 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.

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