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PhonePe alleges mass burning of QR codes by Paytm employees, approaches police authorities

A Paytm spokesperson said that the employees involved in the burning of the QR codes have been suspended by the company, pending investigation.

August 01, 2022 / 05:53 PM IST
Representative image.

Representative image.

Unified Payments Interface (UPI) leader PhonePe has approached police authorities against employees of competitor Paytm, alleging that some officials burnt PhonePe's QR codes. The incident is said to have taken place in Greater Noida and the company has approached Surajpur Lakhnawali police station, said a PhonePe spokesperson.

PhonePe has lodged the complaint based on a video of a pile of its QR codes being set ablaze. The spokesperson added that it was able to identify three employees of Paytm in the video, including a Paytm Area Sales Manager (ASM). One of the three identified is a former PhonePe employee.

ALSO READ: Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament

In response to detailed queries by Moneycontrol, a Paytm spokesperson said, "This matter is between Phonepe and its ex-employees. We condemn the act committed by these rogue employees, who have already been suspended from the company pending a detailed investigation."