The RBI's crackdown on Paytm, Visa, and others seems driven by sketchy actors riding speed and scale, underpinned by issues of identity, tech, and competition (Andy Mukherjee/Bloomberg)

Andy Mukherjee / Bloomberg:

The RBI’s crackdown on Paytm, Visa, and others seems driven by sketchy actors riding speed and scale, underpinned by issues of identity, tech, and competition  —  The central bank is worried whether the country’s 50 million merchants accepting online payments are real, and if they’re moving money for genuine purposes.