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There is another debate why Paytm should be removed after banning some chinese apps for the second time earlier thins month since majority of shares are owned by Alibaba.
Still Government is not giving any attention to that!
I don't think the govt has given the reason that Chinese owned apps are banned; it is got to do with "Data Security", per se.
But at the end of the day it is plain politics and optics and no legitimate argument has been forwarded so far.
Exactly,if China owns the shares or company then their are in the position of taking decisions related to anything, we can never sure all the bank transactions on paytm were stored on India only even if it does then China company has access to it and can report it to China as per India's politics.