Paytm’s opportunity to get back to basics; and other top stories this week
Hi, this is Pratik Bhakta in Bengaluru. The stringent action by the Reserve Bank of India (RBI) against Paytm Payments Bank could have a positive fallout. It can actually push One 97 Communications, which runs Paytm, to focus on what it does best — build distribution.It can also focus on technology and product development like it did with Soundbox — a desi way of reducing fraud and confirming merchant payments.With Paytm Payments Bank staring at an uncertain future, it all comes down to the Paytm app for founder Vijay…