wordpress blog stats
Connect with us

Hi, what are you looking for?

BharatPe Co-Founder Accused of Stealing Data of 150 Million Users By Ashneer Grover

BharatPe's co-founder Ashneer Grover has accused the company's other co-founder Bhavik Koladiya of stealing data of around 150 million UPI users through the BharatPe app, Moneycontrol reported. On February 6, Grover levelled these allegations in an email to the National Payments Council of India (NPCI) and Kaushik Dutta, BharatPe's independent director. Allegations made by Grover: "BharatPe has so far processed billions of UPI transactions at merchants and in turn was privy to data of more than 150 Mn UPI users in the country. The data of transacting user was obtained at BharatPe using APIs with Yes Bank, Federal Bank and ICICI Bank," Grover said, as per Moneycontrol. After Koladiya founded his new company OTPLess, he transferred all the privileged and confidential data from BharatPe to his new venture, Grover said, according to Inc42. BharatPe is a customer of OTPLess. Grover said he was informed about this by whistleblowers within the company. He also accused Koladiya of poaching BharatPe's engineering team to OTPLess. In his email, Grover requested the NPCI to conduct a forensic audit of the BharatPe and OTPLess. He also asked NPCI to investigate the management of BharatPe to check if they hold any shares in OTPLess, according to Inc42. In response to these allegations, Koladiya told Moneycontrol, "I strongly deny the baseless and false allegations made against me by Ashneer Grover. The allegations are nothing but an act of retaliation and frustration on his part, resulting from his removal from BharatPe and my ongoing legal suit against him…

Please subscribe/login to read the full story.
Written By

I cover privacy, surveillance and tech policy. In my reporting, I try my best to present the most relevant facts, and sometimes add in a pinch of my thoughts.

Free Reads

PhonePe

News

PhonePe explained that this collaboration with UAE’s Mashreq Bank was facilitated through Mashreq’s partnership with NPCI International Payments Limited (NIPL).

News

Bankman-Fried has also been ordered to forfeit $11 billion to repay the aggrieved customers of his crypto-exchange platform FTX.

Amazon

According to UOKiK, Amazon misled users into believing that placing an order or receiving an order confirmation was tantamount to a sales contract, which...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ