Why Flipkart-owned PhonePe has filed FIR against Paytm's 3 employees - Pdf Slider

The war between two of the biggest digital payments companies has turned bitter. According to a report in Economic Times, Flipkart-owned PhonePe has filed a police complaint against three employees of arch-rival Paytm. PhonePe has alleged that these Paytm employees for involvement in the mass burning of its quick response (QR) codes.

The Police complaint was filed on July 29 with the 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 intention of causing wrongful loss to the company’s property.” PhonePe alleged that “these actions may form a part of a larger conspiracy to malign the reputation” of the company and to cause “further financial losses.”