Vijay Shekhar Sharma of Paytm breaks silence on RBI measures: 'Valuable insights gained...'

Vijay Shekhar Sharma, the founder of Paytm, expressed confidence in his company's ability to overcome regulatory obstacles in India this year and make a resurgence. "The main thing that I have learned is that many times your teammate and adviser may not be getting it correct," he said at a financial technology conference in Tokyo. 

More on his appearance 

Since the RBI ordered Paytm Payments Bank to cease some operations, this is his first public appearance, and it is crucial that you handle it on your own rather than only allowing a friend or advisor to advise you on what to do, he declared. In February, Vijay Shekhar Sharma announced his resignation from the board of Paytm Payments Bank, about a month after the RBI forbade the bank from taking fresh deposits into its user wallets or accounts. Notwithstanding the difficulties, he expressed gratitude for the work regulators are doing to foster a supportive atmosphere for entrepreneurs in India.

Here's what he said! 

Things grow enormously and systematically significant very quickly. We are delighted to witness our regulator taking action," he stated. Vijay Shekhar Sharma expressed his optimism for the business by saying, "Asia has a potential to establish a financial system for the future generation." Make Paytm a leader in Asia—that is something I hope to accomplish in my lifetime.

Regarding Paytm's plan, he stated that it will involve entering new Asian markets and forming bank alliances for the Indian market. Ambiguity causes tension. It is the persistence on the mission that you are in when you are clear and aware. I have new opportunities to take advantage of and new lessons to learn today, which is fantastic," he remarked.