BENGALURU: Paytm Payments Bank, which also houses the Paytm e-wallet, recently filed an FIR against 3,500 fraudulent numbers.

“The complaint redressal mechanism is being duly followed by the telecom service providers and action is being taken according to the provisions of Trai regulations.

SMS shortcodes are essential tools to use the company’s name falsely to fool consumers.

For example, one of the most-used shortcodes is Pytm, mimicking Paytm.

Gupta added telcos need to have stringent control on the issuance of shortcodes for bulk messages to companies. | To read full story, visit https://startuparound.com/read/1582783205.3614314/Paytm:-Telcos-not-doing-enough-on-fraud-calls?ref=audio_experience