Old versus new

The pressure of digitising transaction and adoption of e-wallets is getting to everyone. A nationalised bank that owns a mobile wallet has taken on popular mobile wallet Paytm, with claims that it is unsafe as it has funding from a major Chinese technology player. After keeping quiet for a while, Paytm founder Vijay Shekhar Sharma  took to Twitter. “A 100-year-old bank versus a yet-to-launch bank,” he posted. “Future of fintech is truly bright.” He also added a photograph of a poster in which the bank allegedly listed the demerits of Paytm against its own wallet.