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’s revenue from merchant business in the payments industry is particularly higher than every other peer company. Paytm’s core payments business is growing rapidly with its two key margin drivers – payment processing and subscription revenues. The company continues to strengthen its market leadership in offline devices with the number of merchants paying subscriptions for payment devices like Paytm Soundbox and POS reaching 6.1 million at the end of January, an increase of 0.3 million in the month.

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History of this topic

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 …

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS
3 months, 3 weeks ago

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS

India TV News  

India's Unified Payments Interface processed nearly ₹ 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase and surpassing all world's leading digital payments platforms. According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent surge over the 2,348 transactions every second …

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 …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
7 months, 3 weeks ago

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO

New Indian Express  

New Delhi, April 27 Yes Bank saw growth in unified payments interface transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter of FY24 compared to Rs 202.43 crore in the same …

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 Gets TPAP License from NPCI for UPI Payments
9 months, 1 week ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

Paytm gets third-party app license from NPCI to perform UPI transactions
9 months, 1 week 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 set to operate as third-party app for UPI: Report
10 months, 2 weeks ago

Paytm set to operate as third-party app for UPI: Report

Hindustan Times  

One97 Communications Limited, the parent firm of crisis-hit Paytm, is focusing on the third-party payment app route to ensure that the fintech major's Unified Payments Interface remains available to its users, according to an Economic Times report. “Since Paytm Payments Bank will stop offering payment services, Paytm will become a third-party app going forward, integrating UPI through other lenders,” the …

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report
10 months, 2 weeks ago

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report

Hindustan Times  

In a massive setback to Paytm, the Reserve Bank of India has refused to offer any concessions during its meeting with the fintech firm founder Vijay Shekhar Sharma. The central bank refused to help Paytm Payments Bank in any manner, including the migration of accounts to other banks or extending the deadline after February 29, Moneycontrol reported. Banks not keen …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

Paytm shares bounce back after nearly halving in price in three days
10 months, 2 weeks ago

Paytm shares bounce back after nearly halving in price in three days

New Indian Express  

After falling continuously for three days, shares of payments platform Paytm bounced back on Tuesday, ending up 3.3%, compared to 10-20% declines seen over the last several days. The stock had corrected by around 43% since Reserve Bank of India imposed crippling restrictions on Paytm Payments Bank – the company’s in-house provider of back-end banking services. The most pain is …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
10 months, 2 weeks ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days
10 months, 3 weeks ago

Paytm In Talks With Major Banks For Nodal Account Migration; Expects Completion In Some Days

ABP News  

India’s leading payments and financial services distribution company Paytm is in discussion with large banks to migrate nodal accounts and comply with the regulatory norms by February 29. Vijay emphasized Paytm’s proactive approach in collaborating with banks for two years, signaling a decrease in dependency on Paytm Payments Bank. “We maintain multiple nodal accounts for various businesses that Paytm and …

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 …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 1 week ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
11 months, 3 weeks ago

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher

Live Mint  

The volume of UPI transactions continues to rise month after month as the total monthly transaction amount touched ₹18.23 lakh crore in Dec last year, 54 percent higher than the corresponding data of 2022. Also, the number of UPI transactions hit 11.24 billion in November and 11.41 billion in October. Month Transaction amount No of transactions Oct 17.16 11.41 billion …

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 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 …

UPI crosses 10 bn transactions second time in September
1 year, 2 months ago

UPI crosses 10 bn transactions second time in September

Deccan Chronicle  

Chennai: With Unified Payments Interface crossing 10 billion transactions for the second straight month, this seems to have become the new normal for the payment interface. UPI recorded 10.56 billion transactions worth Rs 15.8 lakh crore in September, according to the National Payments Corporation of India. While the transaction volume marginally increased from Rs 15.76 lakh crore in August to …

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 2 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report
1 year, 2 months ago

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report

Live Mint  

The United Payments Interface transactions in India surged by 62% in the first half of 2023 compared to the same period last year. The UPI transactions reached 9.3 billion in June 2023, up from 151 million in January 2018, primarily driven by the growth in Person-to-Merchant transactions, a report by the global payments service provider Worldline revealed Tuesday. In January …

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 …

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 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 …

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 …

Gpay, Paytm, other users need not worry about new surcharge; Know reason
1 year, 8 months ago

Gpay, Paytm, other users need not worry about new surcharge; Know reason

Hindustan Times  

The regulator of Unified Payments Interface, the National Payments Corporation of India has recently introduced a surcharge in digital payments made through prepaid payment instrument such as mobile wallets. According to NPCI, payments above ₹ 2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%. According to NPCI, payments above ₹2,000 made using UPI …

Paytm answers if customers need to pay fee on UPI payments
1 year, 8 months ago

Paytm answers if customers need to pay fee on UPI payments

Hindustan Times  

Digital payments firm, Paytm, on Wednesday clarified doubts over National Payments Corporation of India’s latest circular notifying that an interchange fee of up to 1.1% will be applicable on merchant UPI transactions from April 1. In a tweet, the financial tech firm urged to not spread misinformation as it said that “no customer will pay any charges on making payments …

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 …

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible
1 year, 9 months ago

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible

Hindustan Times  

India’s fintech and QR payments pioneer Paytm’s latest innovation Paytm UPI LITE offers a convenient solution for those who want to make quick and easy payments. One of the most impressive features of Paytm UPI LITE is the ability to make payments of up to ₹200 in a single click, without the need for the usual 4-6 digit UPI PIN. …

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions
1 year, 9 months ago

Paytm Payments Bank Enables UPI LITE For Faster Small-Value Transactions

ABP News  

Paytm Payments Bank Limited, a part of mobile payment company Paytm has enabled the UPI LITE feature for its users for faster UPI payments for multiple small-value UPI transactions. Paytm in a blog post on Thursday said, "Our associate Paytm Payments Bank Limited, has gone live with UPI LITE, empowering its users with lightning-fast UPI payments that never fail. With …

This is how Paytm built UPI leadership on top of its QR pioneership
1 year, 10 months ago

This is how Paytm built UPI leadership on top of its QR pioneership

Hindustan Times  

From a cash-reliant nation to a digital-first economy, India's payment landscape has undergone a massive transformation thanks to QR and digital payments pioneer Paytm's range of innovative products tailored to meet the needs of Indian consumers and merchants. As a pioneer in the digital payments space, Paytm developed the QR code-based payment method for brick-and-mortar stores, becoming the first company …

Paytm's UPI Lite will now let users make payments without using PIN
1 year, 10 months ago

Paytm's UPI Lite will now let users make payments without using PIN

India Today  

Paytm, the popular payments app, has introduced a new feature called UPI Lite that makes it easier for users to make small value transactions without needing to enter a PIN every time. Talking about the new feature, Praveena Rai, COO, NPCI, said, “We are very excited to launch UPI LITE on Paytm Payments Bank. With UPI Lite, users can carry …

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more
1 year, 10 months ago

Paytm launches G20-theme QR Code to celebrate India’s presidency: Know-more

India TV News  

One97 Communications Limited, the owns of Paytm, the online payments and financial services company and the pioneer of QR and mobile payments, has launched a special G20-theme QR Code to celebrate India’s presidency of the intergovernmental forum and the country’s leadership in mobile payments. This QR code was launched by Mr. Ashwini Vaishnaw, Hon’ble Minister for Railways, Communications and Electronics …

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 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 …

Paytm helped users to avoid around 1.6 bn trips to ATMs, NCR becomes digital payments capital
1 year, 11 months ago

Paytm helped users to avoid around 1.6 bn trips to ATMs, NCR becomes digital payments capital

India TV News  

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, One97 Communications Limited, which owns leading payments and financial services company Paytm, said in a report on Wednesday. Paytm is taking digital payments far and wide, driving financial inclusion with two out of three of …

PayU Lays Off Nearly 150 Employees As Digital Payments Firm Focuses On India Ecosystem
1 year, 11 months ago

PayU Lays Off Nearly 150 Employees As Digital Payments Firm Focuses On India Ecosystem

ABP News  

Online payments solutions provider PayU has laid off close to 150 employees, less than 6 per cent of its total workforce, as part of an "organisational realignment". "As we stay focused on our vision of creating a full-stack digital financial services ecosystem in India, it's important to ensure PayU has the right structure and resources in place and is nimble …

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