That was a mistake, Srikanth. Apologies. Only payment aggregator license, so far :)

Arundhati Ramanathan

Shreedhar, this is via BharatQR, which allows for payments with your stored cards, wallet or UPI. About your second point, yes UPI was always interoperable, still merchants ended up having multiple QR codes for various reasons. Because of interoperability, it allows banks also to come in and now say, it's just as good as the rest. Hope that helps clarify.

Arundhati Ramanathan

IMHO, I don't think it's the role of the government ever to "move fast and break things." :)

Arundhati Ramanathan

What button would you have clicked, Utkarsh :)

Arundhati Ramanathan

ha! Touche:)

Arundhati Ramanathan

I looked at companies that did their buybacks this year, Chandresh. Pharmeasy had one in 2021.

Arundhati Ramanathan

Harshil if there is something meaningful to capture there, we will. If you have something in mind specifically, pls let us know.

Arundhati Ramanathan

Thanks for pointing it out Aishwarya, fixed it.

Arundhati Ramanathan

Hi Raghav, I was making the point that using the same KYC they can end up striking different other fintechs. with credit you have obtained from one place, you can use that money to buy digital gold and then you that as collateral to take a gold backed loan..and go on and on till someone detects it. Hope that helps.

Arundhati Ramanathan

Hello Lakshmi, yes we missed a digit in the conversion from Rs 1 crore. Fixed it now. Thank you for pointing out.

Arundhati Ramanathan

Yeah I understand the confusion, Malliketh, and sorry for that. So FY 20 declared, audited is 12.8cr. But the CEO said the rev has grown from 110 to 700 in FY 21, so in effect he is declaring FY 20 to be 110 cr. We decided to retain this despite the confusion, deliberately. It's either the news-reports getting the numbers wrong or the company not declaring their numbers right. Unfortunately till the company clarifies or we see the audited FY 21 number we cant say for sure.

Arundhati Ramanathan

Hmm, thanks for the feedback Samvit. Will keep in mind for the next time.

Arundhati Ramanathan