Paytm records Rs 912 crore surge in merchant transactions in Q2FY24
1 year, 3 months ago

Paytm records Rs 912 crore surge in merchant transactions in Q2FY24

India TV News  

Paytm records Rs 912 crore surge in merchant transactions in Q2FY24 A spokesperson for Paytm, known for pioneering QR codes, soundbox, and mobile payments in India, has emphasized the widespread acceptance of Paytm, with increased adoption among both merchants and consumers. In the remarkable Q2FY24 update, One97 Communications Limited, the parent company of Paytm, pioneering QR codes, soundbox, and mobile payments in India, has announced an astounding 912 crore merchant payments through the leading financial and payments platform. A spokesperson for Paytm, known for pioneering QR codes, soundbox, and mobile payments in India, has emphasized the widespread acceptance of Paytm, with increased adoption among both merchants and consumers. The company has credited the introduction of QR code-based payments and instant audio confirmation with the Soundbox device and expanded its offerings with the launch of three new Paytm Soundbox devices for merchants.

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History of this topic

Paytm launches 'Receive Money QR Widget' for Android: Instant payments with coin-drop sound
2 months ago

Paytm launches 'Receive Money QR Widget' for Android: Instant payments with coin-drop sound

India TV News  

Paytm, one of the leading payments and financial services platforms, has rolled out its innovative 'Receive Money QR Widget' for Android users. Following a successful launch on iOS, this feature will enable users to display their Paytm QR code directly on their smartphone's home screen, which will enable seamless payment collection without opening the app. Image Source : PAYTMPaytm Commitment …

Paytm eyes merchant acquisition in international markets with new subsidiaries in Middle East, SEA
2 months, 1 week ago

Paytm eyes merchant acquisition in international markets with new subsidiaries in Middle East, SEA

Live Mint  

One97 Communications, the parent company of fintech giant Paytm, is expanding its global footprint with new subsidiaries in the UAE, Saudi Arabia, and Singapore after reporting a marginal reduction in net loss to ₹208.3 crore in the third quarter, compared to the same period last year. Paytm CEO Vijay Shekhar Sharma said that merchant acquisition and payment facilitation in new …

Paytm Q3 2025 results: Revenue falls 36%, but losses narrow by 6% as expenses drop
2 months, 1 week ago

Paytm Q3 2025 results: Revenue falls 36%, but losses narrow by 6% as expenses drop

Hindustan Times  

Paytm Q3 2025 results: One 97 Communications Ltd, the parent company of mobile payments giant Paytm, on Monday released its third quarter financial results for the financial year 2024-25. The company's revenue was ₹1,827.80 crore, which was a fall of 35.87 per cent or ₹1,022.70 crore, compared to ₹2,850.50 crore seen during the third quarter of the previous year. This …

Paytm Q3 FY25 results: Revenue surges to Rs 1,828 crore, gets closer to profitability
Trending News
2 months, 1 week ago

Paytm Q3 FY25 results: Revenue surges to Rs 1,828 crore, gets closer to profitability

India Today  

India’s leading payments and financial services company, Paytm, reported a strong performance in Q3 FY25, with its operating revenue climbing 10% quarter-on-quarter to Rs 1,828 crore. Paytm’s drive toward profitability showed marked progress, with its net loss improving by Rs 208 crore YoY. The revenues from Paytm’s payments services segment grew to Rs 1,059 crore, while financial services revenue rose …

Paytm share price gains after reporting Q3 results. Check details here
2 months, 1 week ago

Paytm share price gains after reporting Q3 results. Check details here

India Today  

Shares of One97 Communication Limited, the parent company of digital payments firm Paytm, rose after the company reported its financial results for the third quarter. The company’s net loss narrowed to Rs 208 crore in Q3FY25, compared to Rs 219.8 crore in the same period last year. “Our employee costs for 9M FY 2025 is lower by Rs 451 Cr …

Paytm leads India payments from disruption to monetisation: Bernstein
2 months, 3 weeks ago

Paytm leads India payments from disruption to monetisation: Bernstein

India Today  

Brokerage firm Bernstein’s latest report positions Paytm as a leading player in India’s digital payments ecosystem. Assigning the company an "Outperform" rating with a target price of Rs 1,100, the report titled, ‘India Payments: From Disruption to Monetisation – Can Payments Be Profitable?’, highlights Paytm’s ability to monetise its core payments business despite the challenges posed by the zero-MDR environment. …

Mobile Payments Pioneer Paytm's Innovative and Game-Changing Launches of 2024
3 months, 1 week ago

Mobile Payments Pioneer Paytm's Innovative and Game-Changing Launches of 2024

India Today  

As a pioneer in mobile payments and QR technology, Paytm continues to redefine the digital ecosystem with its relentless focus on innovation and user-centric solutions. Paytm’s Next-Gen NFC Card Soundbox: Revolutionizing Merchant Payments Building on its iconic and innovative Soundbox technology, Paytm introduced an upgraded version in 2024 further advancing digital payment solutions for merchants and international tourists. Paytm UPI …

Paytm’s Singapore arm approves stake sale in Japan’s PayPay
3 months, 3 weeks 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?
4 months 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 UPI goes global; app users can make payments at select international locations
4 months, 1 week ago

Paytm UPI goes global; app users can make payments at select international locations

The Hindu  

One97 Communications, that owns the Paytm brand, on Tuesday said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. The move allows users to conveniently pay for all use cases including shopping, dining, and local experiences abroad using UPI through their Paytm app, according …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
5 months, 1 week 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 Entertainment Ticketing Business Booms, Propelling Profit
5 months, 1 week 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 launches India’s first NFC card soundbox: How to use it for payments
8 months ago

Paytm launches India’s first NFC card soundbox: How to use it for payments

Hindustan Times  

One 97 Communications Limited, Paytm's parent company, launched India's first NFC Card Soundbox which is a two-in-one mobile QR payment device that combines NFC card payment technology with mobile QR payments. With the Paytm NFC Card Soundbox, merchants can seamlessly receive mobile payments from any UPI app and accept NFC-based debit and credit cards, all through a single device. This …

Paytm share price jumps 3% today: 2 major reasons why
9 months, 2 weeks ago

Paytm share price jumps 3% today: 2 major reasons why

Hindustan Times  

Shares of Paytm's parent company One97 Communications rose 3% today to reach a high of ₹415.50 after the company announced that it was partnering with Samsung Wallet for flight, bus, movies, and events ticket bookings. Samsung said in a statement, “Galaxy smartphone users use the Paytm app for flight, bus, and movie bookings and the Paytm Insider app for event …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
10 months, 1 week 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%
10 months, 1 week 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
10 months, 1 week 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 …

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered
10 months, 2 weeks ago

What is happening with Paytm? Is it working now, can you UPI, and other FAQs answered

India Today  

Paytm Payments Bank was recently banned in India by the government on the pretext of non-compliance with regulations and supervisory issues. It will continue to function as it used to work, and features related to Paytm Payments Bank are not available. You can continue to make UPI Payments, send or receive money through UPI, or make offline QR code payments …

Paytm stock gains for 4th consecutive day: Is the worst over?
1 year 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
1 year 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?
1 year 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?
1 year 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, …

Paytm gets third-party app license from NPCI to perform UPI transactions
1 year ago

Paytm gets third-party app license from NPCI to perform UPI transactions

India TV News  

Paytm, the leading digital payments platform in India, has been granted a third-party application provider license by the country's payments authority. License to ensure seamless payments The newly acquired license enabled Paytm to serve as a third-party application provider, allowing customers to conduct transactions through India's unified payment interface. Partnerships with leading banks Axis Bank, HDFC Bank, State Bank of …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
1 year, 1 month ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Stocks to Watch: Angel One, Vodafone Idea, Grasim, Paytm, Spicejet, IRCTC
1 year, 1 month ago

Stocks to Watch: Angel One, Vodafone Idea, Grasim, Paytm, Spicejet, IRCTC

Live Mint  

Angel One: The brokerage firm will raise nearly ₹2,000 crore through preferential issue, QIP or other modes, the company announced on February 22. "The equity fund raise plan of up to ₹2,000 crore will allow the company to enhance its ability to invest beyond the current resources at hand, besides allowing it to maintain fiscal prudence in its journey to …

Vijay Shekhar Sharma's message on Paytm QR code, soundbox: Will work ‘today, tomorrow…’
1 year, 1 month ago

Vijay Shekhar Sharma's message on Paytm QR code, soundbox: Will work ‘today, tomorrow…’

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma said that its QR code and soundbox facility will continue to work even after March 15 as the company faces crisis after RBI's restrictions. Vijay Shekhar Sharma wrote on X, “Paytm QR, soundbox and EDC will continue to work like always, even after March 15. Paytm Crisis: Paytm founder and CEO Vijay Shekhar …

Another blow for Paytm: Jefferies drops ratings amid challenges
1 year, 1 month 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 shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
1 year, 1 month ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Paytm Says Merchants With QR Code Don't Need To Look For Alternatives
1 year, 1 month ago

Paytm Says Merchants With QR Code Don't Need To Look For Alternatives

ABP News  

Paytm, the pioneer of QR and mobile payments, on Tuesday announced that its QR codes will continue to function as usual, allowing merchants to accept payments beyond February 29, 2024. For services like Paytm QR, where Paytm Payments Bank, acts as a back-end bank, these services will seamlessly transition to other partner bank/s. Following an update by the RBI during …

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in
1 year, 1 month 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 shares rise 5%: Will the recovery last?
1 year, 1 month ago

Paytm shares rise 5%: Will the recovery last?

Hindustan Times  

Paytm share price today: Shares of Paytm gained 5 percent on February 6 after it was locked in a lower circuit for three straight sessions following RBI's restrictions on its payments bank business. RBI barred Paytm Payments bank from accepting new deposits and conducting credit transactions after February 29. Large number of small traders, vendors, hawkers and women are making …

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
1 year, 1 month ago

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs

India TV News  

Shares of One97 Communications Ltd, the parent company of the Paytm brand, rebounded on Tuesday morning after experiencing three consecutive days of sharp declines. Over the past three days, the stock plummeted by over 42 per cent, resulting in a loss of Rs 20,471.25 crore in market valuation, following regulatory actions from the Reserve Bank of India. The RBI's recent …

Paytm crisis: No ED investigation either against company or CEO, company asserts
1 year, 1 month ago

Paytm crisis: No ED investigation either against company or CEO, company asserts

Hindustan Times  

The Enforcement Directorate is neither investigating owner of Paytm brand- One97 Communications- nor its founder and CEO Vijay Shekhar Sharma for money laundering, the company said. We have and continue to abide by Indian laws and take regulatory orders with utmost seriousness.” This comes following a recent RBI order that barred Paytm Payments Bank Ltd from taking any further deposits, …

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
1 year, 1 month ago

Paytm woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown

Hindustan Times  

After the Reserve Bank of India cracked down against Paytm Payments Bank and its regulatory violations, traders' body CAIT issued a cautionary advice to Paytm users, urging them to switch to other payment apps. The Confederation of All India Traders said in a statement that traders are advised to use payment platforms other than Paytm for business-related transactions as RBI …

Paytm’s Downfall: Once valued at over Rs 18,300 cr, stock sees another 20% dip, now at Rs 487
1 year, 2 months 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 …

Ayodhya Embraces Mobile Payments with Paytm's QR and Soundbox Devices During Shri Ram Temple Inauguration
1 year, 2 months ago

Ayodhya Embraces Mobile Payments with Paytm's QR and Soundbox Devices During Shri Ram Temple Inauguration

Hindustan Times  

As the sacred city of Ayodhya and the entire nation, witnessed the momentous consecration ceremony of the Shri Ram Temple on January 22, 2024, Paytm has taken on an integral role on this historic day. The newly launched Paytm Pocket and Music Soundbox have seen widespread adoption in the city, particularly in popular holy destinations such as - Hanuman Garhi, …

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

Paytm expands credit services, and offers larger loans to consumers and merchants | Deets
1 year, 3 months 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, 5 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 Soundbox: A Pioneering Innovation Transforming In-store Payments!
1 year, 5 months ago

Paytm Soundbox: A Pioneering Innovation Transforming In-store Payments!

The Quint  

We live in an era where digital payments have become the norm. Paytm Soundbox provides instant payment confirmations in the merchant's preferred language, ensuring both parties share a clear understanding. The tech innovator recently launched three new indigenously developed Soundbox devices - Paytm Pocket Soundbox, Paytm Card Soundbox and Paytm Music Soundbox. India’s first Soundbox that accepts card payments Paytm …

In first, Paytm launches ‘Card Soundbox’ enabling credit, debit card payments
1 year, 6 months ago

In first, Paytm launches ‘Card Soundbox’ enabling credit, debit card payments

Live Mint  

One97 Communications Limited that owns the brand Paytm,on MOnday announced the launch of Card Soundbox.The company in a statement said that empowers merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks through its iconic Soundbox with ‘tap and pay’ that will help merchants scale their business. With Paytm Card Soundbox, the company …

Paytm eyes India-scale AI system; fintech investing to build new software stack
1 year, 7 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 …

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
1 year, 8 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 to generate free cash flow by year end: CEO Vijay Shekhar
1 year, 8 months ago

Paytm to generate free cash flow by year end: CEO Vijay Shekhar

India TV News  

Paytm to generate free cash flow by year end: CEO Vijay Shekhar The company said its merchant payments volume grew 37 per cent year-on-year to Rs 4.05 lakh crore in the April-June quarter of FY 2023-24. Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top …

Paytm Leads Merchant Payments With 21 Lakh Devices Deployed In 2023 So Far
1 year, 8 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, 9 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 …

Mobile wallets market in India to surpass $5 trillion in 2027, says GlobalData
1 year, 10 months ago

Mobile wallets market in India to surpass $5 trillion in 2027, says GlobalData

Live Mint  

The usage of mobile wallets is growing at a rapid pace and is gradually displacing traditional payments such as cash and cards, according to a report by GlobalData. According to the report, payments through mobile wallets are anticipated to grow at a compound annual growth rate of 23.9% between 2023 and 2027 and reach ₹472.6 trillion in 2027, said GlobalData, …

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