Paytm IPO Opens: Should you buy or not? Here's expert advice
3 years, 1 month ago

Paytm IPO Opens: Should you buy or not? Here's expert advice

Hindustan Times  

One 97 Communication Ltd, the parent company of Paytm, has opened subscriptions for the biggest IPO India has seen in its history. Riding on the back of bullish investor sentiment, strong equity market performance and the increasing digital adoption Paytm aims to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing the company at ₹1.39 trillion at the top end. Even though experts believe Paytm IPO is the best bet to ride the Fintech IPO wave considering its market leadership, the scale of operations and diverse product portfolio, they have expressed concerns over high valuations ascribed. With a gross merchandise value, of ₹4 trillion in FY21 Paytm has set up India's largest digital ecosystem since launch in 2010. So one needs to adopt a realistic approach in their return expectations while investing in the new age fintech companies like Paytm.

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History of this topic

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock
22 hours, 13 minutes ago

2024 Review: From rock bottom to market darling – Paytm soars 220% from low, emerges as top turnaround stock

Live Mint  

Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …

Paytm shares hit 52-week high; up more than 3%
2 weeks, 1 day ago

Paytm shares hit 52-week high; up more than 3%

The Hindu  

Shares of One97 Communications, which owns the Paytm brand, on Monday jumped more than 3% on the bourses after the company approved the sale of stake in Softbank group's fintech firm PayPay Corporation. Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points As the company's shares touched a 52-week high, the market valuation of Paytm rose …

Paytm shares rise above Rs 1,000 today. 3 things you need to know
Trending News
2 weeks, 2 days 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?
4 weeks 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 shares jump 3% today after brokerage Bernstein's update. Should you buy?
1 month ago

Paytm shares jump 3% today after brokerage Bernstein's update. Should you buy?

India Today  

Shares of One97 Communications Limited, Paytm's parent company, gained in early trade after global brokerage Berstein's latest price target update. The update reflects growing confidence in the fintech firm’s prospects, with the global brokerage firm projecting significant earnings growth under a favourable scenario. It highlighted that Paytm’s payment margins, currently at 10 basis points due to regulatory actions, could recover …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
1 month, 2 weeks ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

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 Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands
2 months, 4 weeks ago

Paytm Block Deal: Shares Fall 3% After Equity Worth Rs 328 Crore Changes Hands

News 18  

One 97 Communications Ltd reportedly witnessed a significant transaction as 0.8 per cent of its equity stake was sold for approximately Rs 327.8 crore. According to a report by CNBC TV18, around 47.2 lakh Paytm shares exchanged hands at an average price of Rs 701 per share. Following this large trade, Paytm’s stock price surged, reaching Rs 713.2 on the …

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’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: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
7 months ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
7 months, 2 weeks ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report
9 months ago

Paytm's former employees are now running 22 startups worth over ₹10,000 crore: Report

Hindustan Times  

Paytm employees, who quit the fintech major to launch 22 startups over the years, have hit a collective valuation of ₹10,668 crore, according to a report from Private Circle. The group includes Pocket FM, co-founded by Rohan Nayak, former product manager at Paytm; Park+, founded by Amit Lakhotia, former business head of Paytm wallet and gold loan platform Indiagold, founded …

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 Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
9 months, 3 weeks ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Explained: Why Paytm shares fell 8.5% to hit record low today
10 months, 1 week ago

Explained: Why Paytm shares fell 8.5% to hit record low today

India Today  

Shares of One97 Communications Limited, the parent company of digital payments firm Paytm, dipped sharply in early trade to hit a record low on Tuesday. Paytm shares fell 8.5 per cent to Rs 386.25 apiece in early trade, but recovered marginally to trade at Rs 395.85 at around 9:57 am. The embattled digital payments firm’s shares have been under pressure …

Paytm share price hits 10% lower circuit after a two-day recovery
10 months, 2 weeks ago

Paytm share price hits 10% lower circuit after a two-day recovery

Live Mint  

The stock price of One97 Communications, the parent company of Paytm, experienced a significant drop in today's trading session after recovering slightly from heavy losses in the past two trading days. Despite Sharma's efforts, reports suggest that the central bank declined to offer any concessions to Paytm Payments Bank, such as allowing the migration of accounts to other banks or …

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 …

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 …

Paytm crisis: No ED investigation either against company or CEO, company asserts
10 months, 2 weeks 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’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 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 …

Tata Technologies IPO to open for subscription on this date
1 year, 1 month ago

Tata Technologies IPO to open for subscription on this date

Hindustan Times  

Tata Tech IPO: Tata Technologies, which provides engineering and product development digital services, has said its initial public offering will open for public subscription on November 22. Last month, Tata Motors had stated that it has inked a pact to sell a 9.9% stake in Tata Technologies to TPG Rise Climate for ₹ 1,613.7 crore. As part of the process, …

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 …

BofA Securities raises target price on Paytm; do you own?
1 year, 6 months ago

BofA Securities raises target price on Paytm; do you own?

Live Mint  

Paytm share price may hit ₹1,020 apiece in the near future with momentum in high margin lending and Soundbox business expected to remain good, says global brokerage BofA Securities. BofA Securities expect Paytm’s momentum in high margin lending and Soundbox business to remain good for at least next 3-4 quarters and sees upside risks to consensus estimates. It expects the …

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 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 …

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 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 …

Alibaba exits India after selling entire stake of 3.4% equity in Paytm: Report
1 year, 10 months ago

Alibaba exits India after selling entire stake of 3.4% equity in Paytm: Report

Live Mint  

Chinese multinational Alibaba has sold its entire stake of 3.4 per cent equity in Paytm in 10 February's block deal, reported news agency ANI. The Chinese multinational in January had sold around 3.1 per cent of 6.26 per cent equity in Paytm. Paytm's revenue from operations increased to ₹2,062 crore, growth of 42 per cent on a yearly basis. With …

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know
1 year, 10 months ago

Paytm Stock Falls 8% Amid Large Block Deals; Key Details Investors Should Know

News 18  

Shares of Paytm parent One 97 Communications slumped more than 8% to Rs 653.5 in Friday’s trade on BSE amid reports of a large block deal, reported CNBC-TV18. Earlier this week, the fintech firm posted its first-ever quarterly operating profit three quarters ahead of its guidance and the company’s losses also narrowed during the third quarter of the current fiscal. …

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 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 reports first-ever operating profit
1 year, 10 months ago

Paytm reports first-ever operating profit

Live Mint  

India’s second biggest fintech firm Paytm reported its first-ever adjusted Ebitda profitability in the quarter-ended December 2022, three-quarters ahead of its guidance. Paytm, operated by One97 Communications, reported an earnings before interest, taxes, depreciation and amortization without accounting for employee-stock option costs, of ₹31 crore over a revenue of operations of ₹2,062 crore in the third quarter of financial year …

Paytm to Buy Back Shares Worth Rs 850 Crore at Rs 810 Apiece
2 years ago

Paytm to Buy Back Shares Worth Rs 850 Crore at Rs 810 Apiece

News 18  

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Tuesday announced a share buyback scheme worth Rs 850 crore at Rs 810 apiece. “The company will undertake a buyback of up to Rs 850 crores at a maximum price of Rs 810 per share and has opted for the open market route through stock exchanges method, …

Softbank to sell Paytm stake worth $200 mn via block deal
2 years, 1 month ago

Softbank to sell Paytm stake worth $200 mn via block deal

Live Mint  

Japan’s SoftBank will sell a third of its stake in One97 Communications Ltd, the owner of the Paytm payments app, through a $200 million block deal, according to deal terms reviewed by Mint. Paytm started trading on the bourses on 15 November 2021 after raising ₹18,300 crore in an initial share sale, the second biggest IPO so far in India. …

Paytm Q2 Results: Net Loss Widens To Rs 571 Crore, Logs 76 Per Cent Rise In Revenue
2 years, 1 month ago

Paytm Q2 Results: Net Loss Widens To Rs 571 Crore, Logs 76 Per Cent Rise In Revenue

ABP News  

Paytm, the Indian digital payments company, logged a 76 per cent jump in second-quarter revenue, helped in part by a surge in loan growth, according to a report by news agency Reuters. The company’s consolidated net loss widened to Rs 571 crore from a loss of Rs 473 crore a year earlier, as expenses related to employee benefits and payment …

Paytm Loan Disbursals Jump 482% YoY To Rs 7,313 Crore in September Quarter; Check Details
2 years, 2 months ago

Paytm Loan Disbursals Jump 482% YoY To Rs 7,313 Crore in September Quarter; Check Details

News 18  

The value of loans disbursed in the September 2022 quarter grew 482 per cent y-o-y to Rs 7,313 crore and the number of loans disbursed also jumped 224 per cent y-o-y to 9.2 million. We continue to drive user engagement, with the average MTU for the quarter ended September 2022 at 79.7 million, registering a growth of 39 per cent …

Paytm Seeing Excellent Growth, to be Profitable by September 2023: CEO Vijay Shekhar Sharma
2 years, 4 months ago

Paytm Seeing Excellent Growth, to be Profitable by September 2023: CEO Vijay Shekhar Sharma

News 18  

Paytm Annual Report: Paytm is set to achieve profitability by September 2023, the mobile payments and financial services company’s managing director and chief executive officer Vijay Shekhar Sharma has said in a note to its shareholders. As per the annual report filed with stock exchanges, Paytm said its revenue from operations jumped by as much as 77 per cent YoY …

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