Paytm's parent company claim : Telcos not preventing Phishing

Paytm

Highlights :

Paytm's parent company ''One97 Communications'' claim that domestic Telcos not preventing Phishing*
Not doing enough before granting Telemarketers assess to database
The court has sought responses from Telcos and TRAI

Paytm's parent company ''One97 Communicatios'' claim that domestic Telcos not preventing Phishing, that were taking place through their networks.

It claimed that the Telcos are not doing enough to stop phishing as they are granting Telemarketers assess to database before proper checking and verifying the telemarketer.

Now the court has sought responses from the Telcos and TRAI ( Telecom Regulatory Authority of India ) in the matter.

*Phishing is a form of internet fraud, where a person falsely pretend to be a representative of the organisation calls up a customer in order to extract personal and private data from the customers. The details obtained are then used to withdraw money from their bank accounts.

The company said that phishing was ultimately impacting the Paytm's customers as well as loosing of trust that customers had on digital

payment platforms.

Paytm said in its petition that unregistered telemarketer were allowed by the Telcos to

operate and engage in unsolicited phone calls pretending to be Paytm staff.

About Paytm's parent company ' One97 Communications' :

Paytm meaning pay through mobile, is an Indian e-commerce payment system and financial technology company, based in Noida.

Paytm was founded in August 2010 with an initial investment of 2 million dollars by its founder Vijay Shekhar Sharma. It started off as a prepaid mobile and DTH ( Direct to Home) recharge platforms.

In July 2015, One97 Communications, owner of Paytm, acquired the title of sponsorship rights for India's domestic and international cricket matches at home for a period of 4 years starting in August 2015.

Paytm meaning pay through mobile, is an Indian e-commerce payment system and financial technology company, based in Noida. Paytm was founded in August 2010 with an initial investment of 2 million dollars by its founder Vijay Shekhar Sharma. It started off as a prepaid mobile and DTH ( Direct to Home) recharge platforms. In July 2015, One97 Communications, owner of Paytm, acquired the title of sponsorship rights for India's domestic and international cricket matches at home for a period of 4 years starting in August 2015.

Paytm's parent company is One97 Communications

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