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Look at the facts:
1. PPSL PA Licence still pending despite all the competitors (even the pre-revenue companies) receiving the nod from RBI
2. >50% Loan Disbursal reduction due to pivoted focus on high ticket loans
3. PPBL technically out of business, impacting wallet & fastag business along with the acquiring impact on UPI for OCL & PPSL
4. Erosion of market confidence coupled with exodus of merchants and customers (market share is the only plus for Paytm, which is now eroding rapidly after 31st Jan)
5. Visibly incompetent senior leadership, atleast from the recent developments (specially the COO), barring a few CBO’s
6. High HR attrition since inception, and an evident toxic work culture
7. Unsystematic operations, free data flow between group companies and no definite SOP’s(The entire company is technically running over google sheets), the BAU is literally a circus. Not at all fit for a fintech or bank
Do we even see a white light ahead? I doubt!