Paytm owned by the Indian company One97 Communication’s Ltd, it received massive funding from Fintech firm Ant, Tencent and Alibaba Chinese group. As per report, Chinese company investors has around 40 percent share in Paytm.
This means that your each financial transactions data, bank details and other details will be share with Chinese investors anytime. They can be shared anytime for marketing and advertisements purpose.
Recently report suggests that Paytm payment app removed from the Google Play store at 19 September due to violating Google Play Policies as in India only batting, gambling on IPL 2020 and forces user to click on external links.
The Google and Paytm bitter rivals in India in gaining users , merchants and market share in the competition in India’s fast expanding digital economy.
The Paytm Cricket Leaque contest violating competition as Google said in statement, “We don’t allow online casinos or support any unregulated gambling apps that facililate sports betting, the search giant said on its official India blog.
This includes if an app leads consumers to an external website that allow them to participate in paid tournaments to win real money or cash prized, it is violation of our policies, but Paytm doesn’t give any comment over gambling.