Paytm isn't Chinese app, founder calls it 'Proudly Indian'

Paytm founder Vijay Shekhar Sharma welcomed the decision to ban 59 Chinese apps by tweeting on Monday night. He also said that this is a big decision in the national interest.

New Delhi: Paytm founder Vijay Shekhar Sharma has praised the government's decision to ban 59 Chinese apps. Sharma has described it as an excellent step towards a bold and self-reliant India.

Sharma tweeted, "Bold step in the national interest. A step towards Atmanirbhar App ecosystem. Time for the best Indian entrepreneurs to come forward and build the best by Indians, for Indians!"

However, despite his support towards the move, Paytm is facing anger of the people on Twitter considering the fact that China's Alibaba Group has invested in the company. The Alibaba Group has invested millions of dollars in Paytm through Ant Financial.

India on Monday banned 59 apps with Chinese links, including hugely popular TikTok and UC Browser, saying they were prejudicial to sovereignty, integrity and security of the country.