Backed by Softbank and Alibaba, Paytm was a pioneer in India’s digital wallets business. But recently the company has seen its lead eroded by a state-backed digital payments system and fierce competition from deep-pocketed rivals Google Pay and Walmart-backed PhonePe.⁠⁠ ⁠⁠ Click the link in our bio to read the full story. Photo by Nasir Kachroo/NurPhoto/Getty Images.⁠⁠ ⁠⁠ #paytm #softbank #alibaba #digitalwallet #digitalpayment #digitalpaymentsystem #googlepay #walmart #phonepe