Paytm strengthens merchant payments leadership, deploys 71 lakh devices in April
1 year, 7 months ago

Paytm strengthens merchant payments leadership, deploys 71 lakh devices in April

Live Mint  

Paytm has further cemented its leadership in merchant payments. “We continue to strengthen our leadership in offline payments, with 71 lakh merchants now paying subscription for payment devices, an increase of 3 lakh in the month of April 2023. With our subscription as a service model, the strong adoption of devices drives subscription revenues and higher payment volumes, while increasing the funnel for our merchant loan distribution,” Paytm said. Paytm went on to add that Merchant Payment Volumes for the month of April 2023 stood at ₹1.27 Lakh crore, y-o-y growth of 34 per cent. Claiming healthy growth in loan distribution business, Paytm said, "Our loan distribution business continues to gain scale with disbursements of ₹4,115 Cr and 41 lakh loans disbursed in the month of April 2023 through the Paytm platform."

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History of this topic

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
2 weeks, 1 day ago

Paytm shares rise above Rs 1,000 today. 3 things you need to know

India Today  

Paytm shares rallied over 3% on Monday, hitting a 52-week high of Rs 1,007 on the Bombay Stock Exchange. Here are three key factors propelling Paytm’s stock upward: STRATEGIC SALE Paytm’s Singapore-based unit approved the sale of its Stock Acquisition Rights in Japanese payments firm PayPay to SoftBank Vision Fund 2 for JPY 41.9 billion. PAYTM'S FINANCIAL PERFORMANCE Paytm reported …

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
2 weeks, 4 days ago

Paytm’s Singapore arm approves stake sale in Japan’s PayPay

Live Mint  

Paytm's parent company, One97 Communications, on Friday, December 6, 2024, approved the sale of its stake in Japan’s credit card company PayPay Corporation. One97 Communications Singapore, a wholly-owned subsidiary of Paytm's Singapore arm, ‘Paytm Singapore’, approved the sale of its stake to the Japanese digital payments company. "We wish to clarify that we have been informed by One97 Communications Singapore …

Paytm has made a big new bet. Will it pay off?
3 weeks, 6 days ago

Paytm has made a big new bet. Will it pay off?

Live Mint  

Since its debut on Dalal Street three years ago, Paytm has been battling several challenges. View Full Image Source: Tijorifinance Financial services The RBI's action caused Paytm’s operating model to change significantly as lenders turned cautious. View Full Image Source: Tijorifinance During Q2 FY25, 600,000 unique consumers and merchants availed of financial services through Paytm, up from 590,000 during Q1 …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
2 months ago

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings

ABP News  

Paytm's Q2FY25 earnings show significant growth and profitability, with analysts upgrading their ratings and setting new price targets. The company's strong revenue growth, improved profitability, and approval from the National Payments Corporation of India (NPCI) to onboard new UPI users are key factors driving optimism. Paytm's positive analyst ratings reflect the company's potential for sustainable growth and long-term value creation.

Paytm's Surge: Regulatory Approval Fuels Growth Potential
2 months ago

Paytm's Surge: Regulatory Approval Fuels Growth Potential

India Today  

Paytm's share price surged over 11% today after the company received approval from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This development is seen as a potential turning point for Paytm's user base growth and an easing of regulatory hurdles.

Paytm's Entertainment Ticketing Business Booms, Propelling Profit
2 months ago

Paytm's Entertainment Ticketing Business Booms, Propelling Profit

Deccan Chronicle  

Paytm reports a net profit of Rs 928.3 crore in Q2, compared to a loss of Rs 290.5 crore a year ago. The company's entertainment ticketing business was a major contributor to this profit, with an exceptional gain of Rs 1,345 crore on account of the sale of entertainment ticketing business. The company's revenue from operations slumped 34.1 per cent …

Paytm gets government nod for investment in payments arm: Details
3 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

Paytm said to get government nod to invest in payments arm: report
5 months, 2 weeks ago

Paytm said to get government nod to invest in payments arm: report

The Hindu  

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal …

Paytm’s market share Continues to fall after RBI crackdown
6 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm aims to cut around 20 per cent of workforce amid rising employee costs: Report
7 months ago

Paytm aims to cut around 20 per cent of workforce amid rising employee costs: Report

India TV News  

Digital payments firm Paytm is reportedly contemplating a workforce reduction of approximately 15-20 per cent in the ongoing financial year as part of its strategy to reduce employee costs. This surge likely elevated the average employee cost to an estimated Rs 10,60,000, reflecting the company's evolving financial dynamics, as per a report by the Financial Express. Paytm aims to cut …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
7 months ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%
7 months ago

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%

Business Standard  

Digital payments firm Paytm on Wednesday reported a wider consolidated loss of Rs 549.6 crore in the fourth quarter of 2023-24, compared to Rs 168.4 crore in the same quarter last year. Net income declined by 2.6 per cent year-on-year to Rs 2,398.8 crore in Q4FY24 compared to Rs 2,464.6 crore in Q4FY23. Overall revenue for the entire FY24 rose …

Paytm's Q4 revenue falls 3 per cent to Rs 2,267 crore
7 months ago

Paytm's Q4 revenue falls 3 per cent to Rs 2,267 crore

India TV News  

Paytm, a payment and financial services company has reported a 3 per cent decline in its revenue for the fourth quarter of FY24 to Rs 2,267 crore. Paytm’s Gross Merchandise Value increased 39 per cent YoY at Rs 18.3 lakh crore in FY24. In Q4FY24, payment services revenue grew by 7 per cent YoY to Rs 1,568 crore. The user …

BharatPe sees 77% surge in merchant onboarding business amidst Paytm’s payments bank troubles
8 months, 4 weeks ago

BharatPe sees 77% surge in merchant onboarding business amidst Paytm’s payments bank troubles

Live Mint  

Fintech player BharatPe has seen a significant increase in its operations following the restrictions imposed by the Reserve Bank of India on competitor Paytm's payments bank arm on January 31, 2024. In February 2024, BharatPe reported a 77 percent surge in merchant onboarding compared to the previous month, the Hindu Businessline reported. Furthermore, Tier-III cities and beyond experienced an impressive …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

Paytm jumps 5% as digital payments app survives banking unit shutdown
9 months, 1 week ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?
9 months, 1 week ago

Paytm share price up 5% after NPCI grants third-party app license: Will it recover?

Hindustan Times  

Paytm Share Price today: Shares of India's Paytm rose 5%, a day after National Payments Corporation of India granted approval to Paytm's parent company One97 Communications Limited to participate in UPI services as a Third-Party Application Provider. Paytm share price today: A QR code for the Paytm digital payment system at a store in Mumbai. Paytm's stock has been hitting …

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?
9 months, 1 week ago

Paytm share price drops 5% ahead of Payments Bank deadline: Will fall continue?

Hindustan Times  

Paytm share price: Shares of Paytm's parent company One97 Communications Ltd tanked 5 per cent, third lower circuit in as three days. This would allow customers to continue using the Paytm app for payments through unified payment interface and would help the company as Paytm Payments Bank ceases operations by March 15. Economic Times reported that four banks- Axis Bank, …

Another blow for Paytm: Jefferies drops ratings amid challenges
10 months ago

Another blow for Paytm: Jefferies drops ratings amid challenges

Hindustan Times  

Jefferies India dropped its rating on Paytm making it the first major brokerage to drop its rating on the company after it was hit by regulatory action by the Reserve Bank of India. Merchants using Paytm QR/Soundbox linked to another bank account can continue beyond March 15, the central bank said. "Without a banking license, Paytm's business model will now …

Paytm's loss is Airtel's gain? Airtel Payments Bank sees spike in new customers
10 months, 2 weeks ago

Paytm's loss is Airtel's gain? Airtel Payments Bank sees spike in new customers

Hindustan Times  

Airtel Payments Bank has experienced a remarkable surge in new customers applying online for various services, including bank account openings and FASTags, over the past few days, according to its chief executive officer Anubrata Biswas, PTI reported. While Biswas did not explicitly confirm a direct correlation to users shifting from Paytm Payments Bank following the RBI's action on January 31, …

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in
10 months, 2 weeks ago

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in

The Hindu  

Hit by a regulatory crackdown, India's Paytm is mobilising its sales team to reassure the merchants who use its app to accept digital payments just as Walmart and Google are targeting those same vendors with their rival offerings. But many merchants are now refusing to deal with Paytm after India's central bank last week asked its banking unit - which …

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
10 months, 3 weeks ago

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487

Firstpost  

After seeing its shares fall by 20 per cent on Thursday, the day, after the Reserve Bank of India took decisive action against Paytm Payments Bank and prohibited them from offering its core services, including accounts and wallets, effective from March, shares of the troubled fintech company, dropped by another 20 per cent. Additionally, the central bank instructed the termination …

Paytm Revenue Soars 38% YoY To Rs 2,850 Cr, PAT Improves By Rs 170 Cr YoY
11 months ago

Paytm Revenue Soars 38% YoY To Rs 2,850 Cr, PAT Improves By Rs 170 Cr YoY

ABP News  

Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, has announced its Q3FY24 results on Friday. The company has reported revenue of Rs 2,850 crore, registering growth of 38 per cent YoY, driven by accelerated GMV growth, higher device addition, and growth of financial services business. The contribution profit of the fintech firm …

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore
11 months ago

Paytm Q3 results: Revenue jumps 38% to ₹2,851 crore

Hindustan Times  

Paytm Q3 results: Paytm posted a 38 per cent rise in revenue to ₹2,851 crore in the quarter ending in December, it said in a regulatory filing on Friday. Paytm In the October-December quarter, the fintech giant Paytm reported a robust 38 per cent YoY growth in revenue, reaching ₹2,850 crore, with EBITDA before ESOP showing an improvement of ₹188 …

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent
11 months ago

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent

India TV News  

One 97 Communications, the parent company of the fintech firm Paytm, announced a 38 per cent increase in third-quarter revenue attributed to the strong performance of its payments business and robust loan growth in the financial services segment. In Q3 FY24, Paytm reported a significant improvement in its net payment margin, which increased by 63 per cent to Rs 748 …

Fair On Paytm's Part To Go Slow, Say Analysts As Firm Focusses On Large Ticket Personal, Merchant Loans
1 year ago

Fair On Paytm's Part To Go Slow, Say Analysts As Firm Focusses On Large Ticket Personal, Merchant Loans

ABP News  

Paytm in an update on loan distribution business, announced to redouble their effort on large ticket personal and merchant loans, targeting lower risk and high credit worthy customers, in partnership with large banks and NBFCs. The fintech giant eyes robust growth in merchant loans and healthy growth in personal loans, aided by higher ticket size lending, it is learnt. Paytm …

Paytm Loan Distribution Biz Higher Ticket Loans Consumers Merchants to Onboard More Lending Partners
1 year ago

Paytm Loan Distribution Biz Higher Ticket Loans Consumers Merchants to Onboard More Lending Partners

ABP News  

Paytm, India’s leading mobile payments company, provided an update and outlook on its loan distribution business on Wednesday. Further on the back of recent macro development and regulatory guidance, in consultation with lending partners, in line with its continued focus on driving a healthy portfolio, the company has recalibrated the portfolio origination of less than ₹50,000, which is prominently the …

Paytm to reduce small-ticket loans after RBI tightens consumer lending norms
1 year ago

Paytm to reduce small-ticket loans after RBI tightens consumer lending norms

Live Mint  

After the Reserve Bank of India tightened rules on consumer lending, Paytm has decided to cut down on disbursing loans under ₹50,000, said the digital payments firm on Wednesday. The company is planning to reduce the proportion of small-ticket loans, also called postpaid loans, from its future loan distribution business. Now, the company would focus on the expansion of its …

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets
1 year ago

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets

India TV News  

Paytm, one of the leading mobile payments and financial services distribution companies of India said that it will expand its credit distribution business. With the widespread acceptance of loan distribution and strong portfolio performance, Paytm witnessed encouraging early trends when the company started working in this direction last quarter. The spokesperson of Paytm said, "As the lending distribution business is …

Paytm Q2 results: Revenue rises 32%, net loss narrows to ₹292 crore
1 year, 2 months ago

Paytm Q2 results: Revenue rises 32%, net loss narrows to ₹292 crore

Live Mint  

Digital payments firm Paytm recorded a consolidate revenue from operations of ₹2,519 crore in the second quarter of fiscal year 2023-24, marking a growth of 32 percent as compared to ₹1,914 crore reported in the year-ago period. {{^adFree}} {{/adFree}} The Vijay Shekhar Sharma-led company posted a consolidated net loss of ₹292 crore during the quarter under review, which is 49 …

Paytm records 20% rise in monthly users in July-August, GMV up 43%
1 year, 3 months ago

Paytm records 20% rise in monthly users in July-August, GMV up 43%

Live Mint  

Mumbai: One97 Communications Ltd, which runs the brand Paytm, reported a 20% year-on-year growth in average monthly transacting users at 94 million in the July-August period from 79 million in the same period last year. In August 2023, Paytm disbursed loans worth ₹5,517 crore through its lending platform, the company said in a press release. The company's merchant payment volumes …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 4 months ago

Paytm eyes India-scale AI system; fintech investing to build new software stack

Live Mint  

One97 Communications Limited, which owns the brand Paytm, is investing in artificial intelligence with an eye on building artificial general intelligence software stack. In his letter, Sharma mentioned that Paytm's next contribution for India's Digital revolution after mobile payments, will be – small mobile credit with high credit quality and fully compliant with the regulators' guidelines. Paytm announced its April-June …

Paytm shares rise over 3% on strong July business update
1 year, 4 months ago

Paytm shares rise over 3% on strong July business update

Live Mint  

Paytm share price rallied over 3% on Friday after the fintech giant reported strong operating performance for the month of July. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. The loan distribution business of the fintech firm continues to gain scale …

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
1 year, 5 months ago

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma

Business Standard  

The Indian financial technology ecosystem has room to accommodate many large players as the country's market is largely underserved, said Paytm founder and chief executive officer Vijay Shekhar Sharma during an analyst call. Paytm, the only listed payments fintech in India, in its first quarter results, announced that its revenue from operations jumped 39 per cent year-on-year to Rs 2,342 …

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far
1 year, 5 months ago

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far

The Quint  

The company’s management believes India has potential of at least 10 crore merchants and more than 50 crore payment users in the near future. Analysts say Paytm is the dominant player in the merchant payment solutions with limited competition especially because of its successful Soundbox model. “We find Paytm well positioned to continue to dominate the SME merchant landscape where …

Paytm share price trades in green post operating performance updates for May
1 year, 6 months ago

Paytm share price trades in green post operating performance updates for May

Live Mint  

Shares of One 97 Communications rose over a per cent but soon cooled off to trade with mild gains in morning trade on BSE on Monday after the company's update on its operating performance for the month of May showed healthy growth in the consumer base for the June quarter to date. The company in a BSE filing on Monday …

Paytm beats GooglePay and PhonePe, as India's highest revenue earner in financial services and mobile payments
1 year, 7 months ago

Paytm beats GooglePay and PhonePe, as India's highest revenue earner in financial services and mobile payments

India TV News  

Paytm, an Indian fintech giant has reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year. To put it into perspective, Paytm's Q4 revenues of Rs 2,334 crore were still ahead of PhonePe's revenues of Rs 1,912 crore for the first nine months of the calendar year 2022. In the fourth quarter, …

Paytm's Q4 earnings exceed market expectations, reports revenues of ₹2,334 cr
1 year, 7 months ago

Paytm's Q4 earnings exceed market expectations, reports revenues of ₹2,334 cr

Hindustan Times  

India's leading payments and financial services company Paytm has announced Q4 FY2023 results, where it has surpassed analysts' estimates and reported robust growth in the Q4FY23 and FY23 results. Paytm's payments revenue grew by 41 per cent YoY to ₹1,467 crore in Q4FY23, with payment revenue growing 28 per cent YoY after excluding prior quarters' UPI incentives. The company's payment …

Decoding The Success And Rapid Revenue Growth of Paytm
1 year, 7 months ago

Decoding The Success And Rapid Revenue Growth of Paytm

The Quint  

Paytm, which started out as a digital wallet and payment app, has transformed the way Indians transact. Ramping up the sale of these devices has helped Paytm achieve continuous growth in subscription and merchant discount rate revenues from offline merchants. Paytm has recently seen a rapid growth in their loan distribution business where they give out loans to their customer …

Paytm wins banking regulator extension for payment aggregator license: Report
1 year, 8 months ago

Paytm wins banking regulator extension for payment aggregator license: Report

Hindustan Times  

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country's banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said on Sunday. Read here: UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible with UPI LITE Paytm …

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology
1 year, 8 months ago

Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology

Hindustan Times  

● Massive upgrade of Paytm’s payments platform through an indigenous full-stack development will further boost digital payments in the country. Paytm Announces Upgraded Payments Platform Launch With Indigenous Technology ● Aimed at significantly enhancing consumer experience of digital payments through much better success rate, speed and security One97 Communications Limited that owns the brand Paytm, India’s leading payments and financial …

Paytm unveils fully indigenous technology-powered upgraded payments platform
1 year, 8 months ago

Paytm unveils fully indigenous technology-powered upgraded payments platform

Live Mint  

Paytm, the payments and financial services platform owned by One97 Communications, has announced the release of its new technology platform developed entirely in-house. The company claims that Paytm has been a game-changer in the mobile, QR, and soundbox payments space, and its new platform is set to revolutionize digital transactions, making financial services more accessible and affordable. Paytm, which has …

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm
1 year, 10 months ago

How UPI Has Become A Strong Revenue Source For Fintech Pioneer Paytm

The Quint  

In the Indian financial ecosystem, Paytm became a trendsetter when it launched its mobile wallet and QR payments almost a decade ago. During the recent earnings call, Paytm Founder and CEO Vijay Shekhar Sharma highlighted that Paytm's focus on merchant payments instead of consumer led UPI payment has created a scalable UPI revenue model in subscription. Sharma also mentioned that …

Paytm shares tank on buzz of block deal
1 year, 10 months ago

Paytm shares tank on buzz of block deal

Live Mint  

Shares of One 97 Communications Ltd tanked more than 8% to ₹649 apiece on the BSE in Friday's deals on buzz of large block deals. 2.1 crore shares of Paytm have changed hands through block deal on Friday and a report by ANI suggested that Chinese multinational Alibaba has sold its entire stake in Paytm in today's block deal. Paytm …

Paytm shares rally for third straight trading day. What’s driving the stock?
1 year, 10 months ago

Paytm shares rally for third straight trading day. What’s driving the stock?

Live Mint  

Shares of One 97 Communications Ltd surged more than 6% to ₹624 apiece on the BSE in Wednesday's opening deals after the company shared its business update for the month of January 2023 during which its merchant payment volumes stood at ₹1.2 lakh crore, growth of 44% year-on-year. The stock rose for the third straight day after the fintech company …

Paytm shares jump over 7% after surprise Q3 operating profit, narrowing loss
1 year, 10 months ago

Paytm shares jump over 7% after surprise Q3 operating profit, narrowing loss

Live Mint  

Shares of One 97 Communications Ltd rose more than 7% on the BSE to ₹563 apiece in Monday's opening deals after the fintech company posted its first-ever quarterly operating profit as a listed firm and the company's losses also narrowed during the third quarter of the current fiscal. Paytm's net loss in the quarter through December narrowed to ₹392 crore …

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback
1 year, 10 months ago

Paytm expects to sustain operational profit performance, completes Rs 796 cr share buyback

India TV News  

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA, an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022. The company has calculated an incentive of Rs …

Paytm hopeful of improved Q3 numbers on increased payment volumes
1 year, 11 months ago

Paytm hopeful of improved Q3 numbers on increased payment volumes

India TV News  

Indian fintech Paytm has come a long way from a simple mobile recharge platform to emerging as the pioneer of payments and financial services. With a growth of 32% Y-o-Y, user engagement on Paytm Super App’s also continues to grow with average monthly transacting users at 85 million for the quarter ended December 2022. Paytm’s merchant payment volumes for the …

Delhi-NCR Emerges As India's Digital Payments Capital; Most Offline Payments On F&B In Chennai: Paytm Study
1 year, 11 months ago

Delhi-NCR Emerges As India's Digital Payments Capital; Most Offline Payments On F&B In Chennai: Paytm Study

News 18  

Delhi-NCR has emerged as India’s digital payments capital, whereas Tamil Nadu’s Katpadi is the fastest-growing city for digital payments with 7X growth in 2022, according to a study by Paytm. It added that Chennai and Trichy in Tamil Nadu have the highest percentage of offline payments on food and beverages, while Amritsar saw the highest spend on health and grooming …

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