Paytm Founder and CEO Vijay Shekhar Sharma joked about Paypal launching its “super app”. Drawing the attention of Twitter users to a report on the launch of PayPal’s super app, the CEO of Paytm said, “ye pehle kahin dekha suna sa hai…” (I heard about it somewhere).
Last week PayPal officially unveiled the first version of the “super app” which offers a combination of financial tools including direct deposit, bill payment, digital wallet, peer-to-peer payments, tools purchase, cryptographic capabilities, etc.
IPO-bound Paytm, like PayPal, provides payment solutions. The Company provides online services such as hotel reservation, top-ups, data processing, games, mobile content and bill payment.
Due to the lack of a regulatory framework for cryptos in India, Paytm still has not integrated the functionality of crypto trading into its app.
According to reports, Vijay Shekhar Sharma will be awarded employee stock options for the first time as a reward for leading the company to a leading position in digital payments and financial services.
Esops for Shekhar comes when the company closes the final number of shares that will be part of its project ??IPO of 16,600 crore.
Sharma, the founder of India’s most popular financial technology company, has a real-time net worth of ??$ 2.4 billion, according to Forbes.
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