Facebook's mega India deal portends a bruising time for Paytm

Facebook's mega India deal portends a bruising time for Paytm

Photo by Kon Karampelas on Unsplash

Facebook‘s $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India’s digital payments market but which has been losing ground to rivals with deeper pockets.