In a recent development, the Central Bureau of Investigation has registered a case after digital wallet company Paytm claimed 48 customers cheated it to the tune of ₹6.15 lakh. The digital payment service, owner by One97 Communications, has seen a surge in its customer base since the government's remonetisation drive kicked of last month. Paytm was one of the first companies to show solidarity with the government's move. CBI has registered a case on a complaint received from M/s One97 Communications Ltd with brand name Paytm U/s 120 B rw 465, 468 and 471 of IPC and section 66 r/w 43 of IT Act. Registered against 15 private persons.
A Paytm spokesperson said, "In the physical goods marketplace business, it was identified that certain fraudulent users were trying to unlawfully game the system. We have identified each of these cases and initiated legal proceedings." More details are yet to emerge regarding the case but it seems that the digital payment service is also witnessing problems related to security. On Wednesday, Paytm suffered an outage for a short time, where people complained of losing wallet money. The cash crunch after the note ban forced several people including small scale vendors to use digital wallets. PM Modi has time and again urged people to envision the goal of a digital economy and make use of cashless methods. However, India has always been a hotspot for hackers due to weak security infrastructure. A few days ago, Legion, the group responsible for hacking Twitter accounts of eminent personalities including top level politicians and journalists, warned that they were going hack Paytm soon.
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