PhonePe files complaint against Telegram in High Court, alleges financial loss: The Times of India

In a significant development, PhonePe, one of India’s leading digital payment platforms, has filed a complaint with the High Court, alleging that messaging app Telegram is causing them financial loss. The complaint states that Telegram is allowing users to conduct illegal transactions and is not cooperating with PhonePe to curb this activity.

According to PhonePe, the unauthorized transactions on Telegram are leading to a loss of revenue for the company and are also posing a security risk for users. The complaint further alleges that Telegram is not taking adequate measures to prevent these illegal transactions and is not responding to PhonePe’s requests to address the issue.

PhonePe has requested the High Court to intervene and direct Telegram to take necessary actions to stop these unauthorized transactions. The company is also seeking compensation for the financial losses incurred due to Telegram’s alleged negligence.

This complaint highlights the growing concerns surrounding the regulation of digital payment platforms and the need for stricter measures to prevent illegal activities. It also raises questions about the responsibility of messaging apps in ensuring the security of financial transactions conducted on their platforms.

The High Court is expected to hear the case in the coming days, and the outcome could have significant implications for the future of digital payments in India. Stay tuned for more updates on this developing story.