What are the platform companies for three-way payments in India - India's payments giant suffers share price crash, market volatility in 2019 raises industry concerns

Indian payments giants experiencing share price selloffs are usually linked to multiple factors such as market volatility, company performance, industry dynamics, and macroeconomic factors.The Indian payments industry has indeed experienced a series of fluctuations in 2019, and here are some of the possible reasons why:

1. **Market volatility**: Global equity markets have been generally volatile in 2019, affected by international trade tensions, geopolitical risks, and a slowdown in the global economy. This market volatility could have an impact on the stock market of any country, including the Indian stock market.

2. **Company performance**: If the Indian payments giant fails to meet market expectations or the company releases poor financial reports, this could lead to a drop in investor confidence, which in turn could trigger a sharp fall in the share price.

3. **Industry Competition**: The Indian payments industry is highly competitive, with companies including Paytm, PhonePe and others vying for market share. If a company's market position is challenged or if there is a major strategic misstep, it could have a negative impact on the share price.

4. **Regulatory policies**: Changes in the regulatory policies of the Government of India with respect to the payments industry may also affect a company's share price. For example, if the government introduces policies that are unfavourable to payments companies or tightens regulation of the industry, this may have a negative impact on the company's business and profitability.

5. **Macroeconomic factors**: Economic conditions within India, such as inflation, changes in interest rates, currency depreciation, etc., can have an impact on the stock market.

6. **Investor sentiment**: Changes in market sentiment can also affect share prices. If investors are pessimistic about the future prospects of the payments industry, this may lead to a fall in the share price.

In response to this situation, reasons for industry concern may include:

- **Industry Stability**: A share price selloff could raise concerns about industry stability, especially for payments companies that rely on investor confidence and capital flows.

- **Investor confidence**: Share price volatility may affect investor confidence in the payments industry as a whole, which in turn affects investment and growth in the industry.

- **Regulatory response**: Regulators are likely to focus on the reasons behind the plunge in share prices and consider whether measures are needed to safeguard the order of the market and the interests of investors.

In short, the plunge in the share price of the Indian payments giant is a complex phenomenon that requires a combination of factors to be considered.