Razorpay founder, Paytm CEO react as video of QR code ‘rip-off’ goes viral

A viral video is doing the rounds on social media, purportedly exhibiting a QR code “rip-off” in motion, the place prospects are being allegedly requested to pay for parking, however the UPI account appears to be unaffiliated to the federal government authority.

The video, which at time of writing, has over 18 lakh views, confirmed a buyer questioning the parking attendant about why the title on the code didn’t match the parking authority, however was of an individual named “Vinod Kumar”.

The video, posted by meme account Prof Cheems, with the textual content: “New Rip-off Unlocked”, acquired responses from Razorpay founder Shashank Kumar and Paytm CEO Vijay Shekhar Sharma.

What did Shashank Kumar, Vijay Shekhar Sharma say?

Quoting the video publish on X, Paytm founder-CEO Vijay Shekhar Sharma, who could be very energetic on X, mentioned that the video proved the usefulness of Paytm’s Soundbox, which loudly pronounces each transaction on the finish of funds.

“Solely Paytm Soundbox solves drawback for a lot of offline scams!” he wrote on X.

Additional, in his personal quote response to the video, Razorpay founder Shashank Kumar acknowledged, “Within the subsequent software program improve we are going to disable gallery entry except actually wanted for the vendor.”

Notably, the gadget on video was branded as Razorpay.

How did netizens react?

Responses to the three posts on X had been crammed with jokes and memes, however there have been additionally those that counseled Shashank Kumar for taking the suggestions severely. Whereas the responses to Vijay Shekhar Sharma’s publish counseled him on taking advantage of a advertising and marketing alternative.

Nevertheless, there have been a number of commenters who identified that parking authorities in Delhi and Mumbai rent contractors to gather these costs and such people could use their particular person QR codes to gather cost. They added that such funds would solely be a rip-off if the parking attendant refused to offer a receipt or ticket for the transaction.

“How is it a rip-off if the attendant provides a receipt? Simply one other automobile driver discovering methods to not pay even the extremely subsidised automobile parking costs,” wrote one.

One other criticised the language utilized by the motive force within the video, including, “MCD provides contract a 12 months or max 5 years to a person or an organisation on some annual costs! After that contractor gather cash and organise parking and rent employees.”

One commenter from Mumbai added, “I do not learn about MCD, however in Mumbai its the contractor who collects the funds and pays the BMC. So clearly this driver / man capturing the movie would not realise that funds do not go straight into the MCD / BMC accounts, it is all outsourced now.”