VARINDIA IT MAGAZINE

There is a say on the insider threat is much dangerous then outsider threat. At last police able to nab the culprit, none other than his own long associate personal secretary Sonia Dhawan ditched her boss (Paytm founder and CEO Vijay Shekhar Sharma ) to extort Rs. 20 crore in lieu of stolen personal data, However, the company says, that all its consumer data is protected with the "highest and most impenetrable levels of security". Sonia has arrested by UP Police in Noida for allegedly blackmailing her boss to money. This is a case of personal data theft of Vijay Shekhar Sharma, there were three persons arrested so far and at this point, the law enforcement authorities are investigating this matter and we would like to respect the police investigation, and not comment further until the results of such investigation are known," Paytm said in a statement. Sonia was the mastermind of the extortion bid. Sonia has been working with Paytm from the last 10 years ...

As per news source, WhatsApp’s Vice President, Neeraj Arora has stepped down from the Board of Paytm. He was a member of the board of directors since 2015. The development comes hours after Paytm CEO Vijay Shekhar Sharma had tweeted an attack on WhatsApp, accusing it of “killing beautiful open UPI system with its custom close garden implementation.” Vijay Shekhar Sharma criticized WhatsApp’s payments product and also claimed that it did not follow the UPI guidelines. In an article shared by him, it said that WhatsApp did not sufficiently allow for interoperatibility on its payment solution. Also, WhatsApp iOS app didn’t have the option to send payments to people outside WhatsApp, the option was hard to find on its Android app. He also compared WhatsApp’s UPI approach with Facebook strategy which the latter used while trying to launch Free Basics in India.... Read More

Paytm’s Founder Vijay Shekhar Sharma has kicked up a storm by having accused WhatsApp that has recently begun testing its payment service in the country of an unfair playing field. Paytm is said to be petitioning for redressal to the country’s unified digital payment system (UPI). Sharma said he will approach the National Payments Corporation of India (NPCI), which has developed the UPI system, and even higher authorities to highlight the issue that WhatsApp trial service does not require a log-in session and Aadhaar-based payments. Owned by Facebook, WhatsApp boasts a monthly user base of 200 million in India and its entry into the country’s digital payment space is seen as a threat to the likes of Paytm. Sharma told a publication that ‘Facebook is openly colonizing the country’s payment system and is customizing UPI to their benefit. “UPI was built as an India Stack, now some American monopoly arm-twists UPI for customer implementation,” he said.... Read More