BharatPe refutes Ashneer Grover’s claim of data breach 150 mn users

Fintech platform BharatPe on Thursday termed the allegations levelled by its former Managing Director and Co-founder Ashneer Grover about data leak at the company as “malicious and completely baseless”.

Grover had earlier alleged that there is a breach of data of over 150 million UPI users at BharatPe by its Co-founder Bhavik Koladiya, who has formed a new startup called OPTless.

“BharatPe fiercely protects the data of its customers and observes high security standards,” the company said in a statement.

“OTPless is our service provider that only enables verification via WhatsApp and is used by less than 10 per cent of our merchant base,” it added.