We're opening our banking system to biggest fraud: Paytm CEO

Talking about WhatsApp's payments feature, Paytm Founder Vijay Shekhar Sharma has said, "We are opening our banking system to the biggest of possible fraud." Sharma alleged that while three-factor authentication is mandatory for Indian payment players, western players are allowed to dodge the set rules. He further accused the National Payments Corporation of India of favouring foreign players.