Discussion Is Facebook and Jio deal gonna cause trouble for Paytm?

[iDJ]

NEW DELHI/MUMBAI (Reuters) - Facebook’s (FB.O) $5.7 billion investment in Reliance (RELI.NS) promises to be the biggest headache yet for Paytm, a SoftBank-backed pioneer in India’s digital payments market but which has been losing ground to rivals with deeper pockets.

Facebook's big India deal portends a bruising time for SoftBank-backed Paytm

42% of Paytm is also owned by China backed Alibaba Group.