India: Paytm shares crash to record low as analysts flag threat from Reliance's Jio Finance

India: Paytm shares crash to record low as analysts flag threat from Reliance's Jio Finance

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Shares of Indian digital payment services provider Paytm plunged to a record low on Tuesday after brokerage firm Macquarie highlighted a potential threat to the SoftBank-backed firm from Reliance Industries’ entry into the payment services sector.

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