New Delhi, Nov 11: Arvind Kejriwal is definitely not among the Indians who are hailing Prime Minister Narendra Modi’s decision of scrapping Rs 500 and Rs 1000 notes. While it could be assault on black money and fake currencies in the market, Delhi CM has a different view on it. But, PayTM CEO and founder Vijay Shekhar Sharma in the most down to earth way replied to Aam Aadmi Party (AAP) Chief rubbishing all rumors of being the beneficiary of PM’s mega plan.
Following the ban on the higher denomination notes, Kerjiwal in a video said that he does not believe that intent of the government has reached the right people, and that it is common man who is suffering. He also extended his hatred to private online payment firm, PayTm for using Modi’s photo in their print advertisements. The Delhi Chief Minister on Thursday said that it was “utterly shameful” for PayTm to do. (ALSO READ: Arvind Kejriwal fuming over Paytm’s advertisement featuring Narendra Modi)
He also expressed the same views in a series of tweets. Here is what he tweeted:
Paytm biggest beneficiary of PM’s announcement. Next day PM appears in its ads. Whats the deal, Mr PM? https://t.co/lfP0PrQICQ
— Arvind Kejriwal (@ArvindKejriwal) November 10, 2016
Utterly shameful. Do people want their PM to model for pvt cos? Tomo, if these cos do wrongdoings, who will act against them? https://t.co/hAxg4H4MuL
— Arvind Kejriwal (@ArvindKejriwal) November 10, 2016
Vijay Shekhar Sharma in reply tweeted saying, “Dear Sir, The biggest beneficiary is our country. We are just a tech startup, trying to solve financial inclusion & make India proud.” Sharma’s reply went viral in no time with over 10,000 retweets and more than 9,000 likes.
Dear Sir, The biggest beneficiary is our country. We are just a tech startup, trying to solve financial inclusion & make India proud. #🇮🇳 https://t.co/3rI8r6W0EZ
— Vijay Shekhar (@vijayshekhar) November 10, 2016
The AAP on Wednesday termed the government’s demonetization of Rs 500 and Rs 1,000 notes as a “Tughlaki farman” (Tughlak’s diktat) and also said it was to favour big businessmen who hold black money. (ALSO READ- Demonetization: These inside stories of black money holders suffering under currency ban are extremely satisfying to read!)
In the wake of Rs 500 and Rs 1,000 being demonetised, digital payment companies may get a huge boom. Reportedly, with the recent change, industry experts believe payment volume and transaction sizes via digital platform is expected to grow manifold soon. Meanwhile, PayTm said that it saw 435 per cent increase in overall traffic within hours of the Modi’s announcement. They are also going to hire 10,000 agents to expand offline merchant network to over 20 lakh by the end of the current fiscal. The Alibaba-backed firm, currently has about 4,000 such agents and over one lakh offline merchants on its platform.
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