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Why Flipkart-owned PhonePe filed an FIR against 3 Paytm employees; Paytm Feedback and more


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The battle between two of the biggest digital payments companies has turned bitter. According to a report in the Economic Times, Flipkart is owned by PhonePe filed a police complaint against three employees of arch-rival Paytm. PhonePe has alleged that these Paytm employees participate in its rapid response (QR) code bulk recording.
The Police Complaint was filed on July 29 with Surajpur Lakhnawali police station in the Greater Noida area. In the FIR, seen by ET, PhonePe said that the activity took place with the “clear purpose of causing unlawful loss of company assets.” PhonePe alleges that “these actions may be part of a larger plot to tarnish the company’s reputation” and cause “further financial damage”.
PhonePe confirmed FIR
The incident came to light when a PhonePe employee received a message on the WhatsApp instant messaging platform on July 28 with a video of the company’s QR code being burned. A spokesperson for the company PhonePe confirmed the incident, adding that they were able to identify the Paytm employees in the video. “PhonePe approached police based on a video of a bunch of its QR codes on fire. We were able to identify several people in the video, including the Paytm Regional Sales Manager (ASM). We have full confidence in the police and they are taking the necessary steps at this time,” a spokesperson told ET.
The employees fighting the lawsuit include Devanshu Gupta, Aman Kumar Gupta and Rahul Pal. According to the complaint, Devanshu Gupta worked for PhonePe from 2018 to 2022. PhonePe FIR alleges that Gupta, as a former employee, knew in advance where his QR codes were obtained and conspired with others to steal these codes. .
Paytim’s response to FIR
Paytm told ET in response that the issue was between its rival and the individuals accused because they were former PhonePe employees. It also added that the accused employees were suspended from the company. “We condemn the behavior of these rogue employees, who have been suspended by the company pending a detailed investigation. “We do not tolerate any wrongdoing and always adhere to the highest standards of work ethics,” the spokesperson added.

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