Digital payments provider PhonePe has filed a police complaint against employees of rival fintech company Paytm for allegedly burning QR codes.
PhonePe claimed that its QR code was burnt by three Paytm employees. On July 29, a complaint was lodged at Surajpur Lakhanwali police station in Greater Noida, Uttar Pradesh.
PhonePe contacted the police on the basis of a video that showed a stack of its QR codes being burnt. A PhonePe spokesperson said they have identified the three people in the video as employees of Paytm.
Of the three persons, one is said to be a Paytm Area Sales Manager (ASM), while the other was identified as a former Paytm employee. monecontrol Report added.
Aman Kumar Gupta, Devanshu Gupta and Rahul Pal are among the three accused of burning the QR code.
The complaint states that Devanshu Gupta worked for PhonePe from 2018 to 2022. It also highlighted that Gupta knew from where he could obtain the QR codes and conspired with others to steal and sabotage them, as reported. economic times,
Responding to the incident, a Paytm spokesperson said that those involved in the controversy are former employees of PhonePe.
The spokesman said they condemned the behavior of the rogue employees, who have already been placed on administrative leave, while a thorough investigation was being conducted.
PhonePe CEO Sameer Nigam vented his anger on Twitter. “It is worth mentioning that this ‘former’ employee of PhonePe currently works for Paytm, and there are 10 other people in the video who are burning the @PhonePe QR code in broad daylight. However, police should investigate the matter and get justice… ”, he tweeted.
It is worth mentioning that this ‘former’ employee of PhonePe currently works for PayTM, and 10 other people are also burning in the video @phonepe QR code in daylight. However, police should investigate the matter and get justice…
— sameer.nigam (@_sameernigam) 1 August 2022
The crisis comes at a time when there is stiff competition between the two companies for a large share of the digital payments sector.