'India will be a key builder of global technologies': Paytm founder Vijay Shekhar Sharma

Founder of Paytm, Vijay Shekhar Sharma on Sunday said India will be a key builder of global techlogies and t just a market importer. Sharma said step towards techlogy development is 'inevitable' and during this phase, India will face retaliation by Big Tech companies.

'Our time is w...'

Taking to twitter Sharma wrote, " inevitable. India will be a key builder of global techlogies. t just a market or importer. We will face retaliation by Big Tech, and that’s a confirmation of our importance and ir dominance on world techlogy landscape. Our time is w."

He was reacting to a report ' end of American internet' by Benedict Evans- a Mobile and digital media strategy and analysis in US that claimed 80 to 90 percent of internet users are outside USA. report furr claimed that re are more smartphone users in China and India than in USA and western Europe combined. creation of venture-based startups has gone global, report stated.

READ | Paytm back on Play Store; Founder Vijay Shekhar Sharma issues statement, thanks users

READ | Paytm back on Play Store; Founder Vijay Shekhar Sharma issues statement, thanks users

Paytm removed from Google

Last month for first time, Google removed Paytm’s main application from Google Play Store on September 18 while or applications such as its wealth and manment app Paytm Money, merchant app Paytm for Business, and its movie ticketing application were still available on Play Store for users to install. Even though Google did t mention exact reason for drastic move but search giant had said earlier that Google Play is “designed to provide a safe and secure experience for our consumers while also giving developers platform and tools y need to build sustainable businesses”.

READ | Google and Paytm news: Paytm's Cashback feature back on app for IPL 2020

Paytm issues statement

Soon after removal Paytm released a statement on Twitter informing users that main application has been removed from Google Play Store. mobile application is still available on Apple App Store and Paytm said that money of all users is “completely safe” and individuals who have already installed app can continue to use it without any aberration. app was restored back on Appstore on same day. Reacting to this App's founder Vijay Shekhar Sharma issued a response on same day and thanked everyone for ir support and said that his fintech app had launched a UPI cashback campaign which Google mistook for gambling.

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