Update: Paytm has withdrawn its "App PoS" feature (hat tip: Rohin Dharmakumar), saying: Post our launch, we have had several discussions with stakeholders on how we can make this process even more secure. Based on some suggestions from the industry, we have decided to add additional certifications and features before making it available to merchants. We will re-launch this product as soon as we have updated the product. following criticism regarding the lack of security Essentially, the product was criticised for not being secure enough, given the potential that the merchant could have a screen reader application, or an application that logs the 3D Secure or Verified by Visa password when a consumer adds it. This is a very responsible move from Paytm. Some of the criticism: @nixxin There is also a serious issue of security. How do I know if merchants phone isnt infected Does @Paytm also install antivirus? — Srikanth ஸ்ரீகாந்த் (@logic) November 23, 2016 @logic You don't need infection. Merchant needs to install a card-stealing app, that's it. @nixxin @Paytm — Nilesh Trivedi (@nileshtrivedi) November 23, 2016 Yesterday: "We want to be the largest acquirer in the country, with an order of magnitude of tens of thousand merchants. This year we are expected to clear Rs 30,000 crore of payments. We're headed towards 2 billion transactions this year. Today we have 1.5 million merchants who accept payments using Paytm. We're expecting this to become 15 million by the end of this year," Paytm CEO Vijay Shekhar Sharma said…
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