Paytm Celebrates 6 Years of Digital India, Announces Cashback Offer for All
3 years, 5 months ago

Paytm Celebrates 6 Years of Digital India, Announces Cashback Offer for All

News 18  

Digital payments firm Paytm has earmarked Rs 50 crore for rolling out a cashback programme for consumers and merchants to celebrate six years of Digital India, the company said on Friday. “Paytm’s Guaranteed Cashback offer is to recognise the top merchants, who are at the heart of India’s growth and have made Digital India a success,” Paytm founder and CEO Vijay Shekhar Sharma said. Digital India Mission president and CEO Abhishek Singh said that over the last six years, the Digital India mission has grown leaps and bounds to put India on the global innovation map. “Paytm’s Guaranteed Cashback offer will encourage India’s millions of merchants to trust digital payments and come on the path of innovation and contribute to the cashless economy,” Singh said in the statement.

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History of this topic

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 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 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 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, …

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 …

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 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 woes worsen as traders' body advises users to switch to other payment apps after RBI crackdown
10 months, 2 weeks 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 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 …

India ranks first in digital payments made globally: Report
1 year, 4 months ago

India ranks first in digital payments made globally: Report

Deccan Chronicle  

Hyderabad: Online banking and the shift to a cashless society started approximately three decades ago in India. This year, 91 billion digital payment transactions have been recorded and today India ranks first in the number of digital payments made globally. Backbase on Wednesday released the IDC Infobrief titled ‘Accelerating customer-centric transformation by balancing build and buy - A collaborative approach …

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 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 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 …

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 …

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 …

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 …

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India
2 years ago

Amitabh Kant pays with Paytm at Udaipur during G20 Sherpas meet — praises the digital payments transformation of India

India Today  

Disclaimer: The material and information contained are for advertorial purposes only. Fintech pioneer Paytm has taken the QR code to every nook and corner of the country and has revolutionised the digital payments space in India. Recently, this digital transformation was highlighted on Twitter by India’s G20 Sherpa Mr. Amitabh Kant. During the G20 Sherpas meet in Rajasthan’s Udaipur, Kant …

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 …

Here's how Paytm's businesses are unaffected by the changes to digital payment charges.
2 years, 10 months ago

Here's how Paytm's businesses are unaffected by the changes to digital payment charges.

India Today  

With the decision by the Reserve Bank of India to release a discussion paper on digital payments, speculation has been rife as to how this will impact digital payments businesses. Certain analyst firms, including foreign brokerage Macquarie, have speculated that regulatory changes may impact Paytm’s businesses. With the payments business accounting for 70% of gross revenues of the digital payments …

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. …

Is Paytm worth what its owners are asking for?
3 years, 1 month ago

Is Paytm worth what its owners are asking for?

Live Mint  

Paytm’s initial public offering comes at a time when the frenzy in startup IPOs is showing signs of fatigue. That said, Paytm’s IPO would still get a strong response from investors, and one only has to look at its anchor book list for confidence. Formally known as One97 Communications Ltd, Paytm started as a mobile wallet company and has morphed …

Paytm targeting biggest-ever IPO in India
3 years, 6 months ago

Paytm targeting biggest-ever IPO in India

Live Mint  

Paytm, India’s leading digital payments provider, is aiming to raise about ₹21800 crore in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around …

PhonePe Continues to Lead UPI Payments Space With 42% Share, Paytm Remains Distant Third
3 years, 9 months ago

PhonePe Continues to Lead UPI Payments Space With 42% Share, Paytm Remains Distant Third

News 18  

Digital payments company PhonePe has said the platform emerged as the largest player on UPI merchant transactions capturing over 42 percent of the overall market share in February 2021. The latest data on the National Payments Corporation of India website shows that the digital payments platform had witnessed over 975.53 million UPI transactions, worth Rs 1.89 lakh crore for the …

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021
3 years, 9 months ago

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021

News 18  

PhonePe continued to lead the UPI-based digital payments market in India in February 2021, with over 970 million transactions, the company announced earlier today. The National Payments Corporation of India website shows that roughly 2,292 million UPI transactions worth Rs 4,25,062 crores took place in India last month, though the full report is yet to be shared. PhonePe’s domestic rival …

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards
3 years, 9 months ago

Paytm Clocks 1.2 Billion Monthly Transactions As Atmanirbhar Digital Bharat Push Reaps Rewards

News 18  

Indian digital payments platform Paytm has clocked more than 1.2 billion monthly transactions and says that this 15% month-on-month growth means that the platform recorded the most number of transactions among all digital payments platforms. Paytm says that there has been a steady increase in the number of users who use the platform for digital payments, also availing financial services …

Japan's PayPay Based on India's Paytm: SoftBank CEO Hails Indian Payments App
3 years, 10 months ago

Japan's PayPay Based on India's Paytm: SoftBank CEO Hails Indian Payments App

News 18  

Prolific investment firm SoftBank’s chief executive, Masayoshi Son, expressed superlative praise for leading Indian digital payments service, Paytm. In a recently concluded earnings call with SoftBank’s investors, Son highlighted how Paytm, in which the SoftBank Vision Fund made key investments, created numerous technologies that were adopted by Japan’s PayPay, and this in turn seemingly helped PayPay become the top digital …

Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback
3 years, 10 months ago

Now Pay House Rent On Paytm And Get Up To Rs 1000 Cashback: Here Is How To Pay And Win Cashback

News 18  

India’s leading digital payments platform Paytm has announced that the Rent Payments feature is being expanded and now adds even more value for anyone who needs to pay their monthly home rent. Paytm also confirms that they will soon enable recurring payments through credit cards for tuition fees for your children, house help’s salary and more. You will also be …

Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards
3 years, 11 months ago

Digital Payments Got A Big Push In India This Year And That Included UPI And Credit Cards

News 18  

The year 2020, because of the circumstances as they unfolded, gave digital payments the sort of push that couldn’t have been expected in just less than 12 months. Around the same time, digital payments platform PhonePe confirmed that they had now crossed the 250 million user mark, with 100 million monthly active users and clocked 2.3 billion app session in …

Paytm Payouts Crosses Rs 100 Crore Worth of Corporate Gifting Transactions in Yearly GMV
3 years, 11 months ago

Paytm Payouts Crosses Rs 100 Crore Worth of Corporate Gifting Transactions in Yearly GMV

News 18  

Paytm has announced that its Payout service that enables businesses on the digital finance platform to make multiple instant money transfers to employees, vendors, and partners has crossed Rs 100 crore worth of transactions in corporate gifting. The company today announced that the corporate gifting using Paytm’s Gift Wallet Card and 24-Karat Digital Gold has crossed Rs 100 crores in …

Paytm Payments Bank Relies On Superior Tech To Clock Highest UPI Payments Success Rate In India
4 years ago

Paytm Payments Bank Relies On Superior Tech To Clock Highest UPI Payments Success Rate In India

News 18  

When it comes to successful UPI transactions, mobile payments platform and payments bank Paytm has the hugest success rate. The latest report by the National Payments Corporation of India says that the Paytm Payments Bank has the best tech for UPI payments. Data suggests that the Paytm Payments Bank users have been at the receiving end of the lowest UPI, …

Paytm registers 2x growth in digital gold; over 75 million customers have transacted 5000 kg till now
4 years, 1 month ago

Paytm registers 2x growth in digital gold; over 75 million customers have transacted 5000 kg till now

India TV News  

India's homegrown digital financial services platform Paytm has announced today that it has recorded 2x growth in the digital gold transactions during the last six months. The company has now extended the Paytm Gold services to Paytm Money platform, enabling users to buy & sell digital gold on any of the two platforms. The company has also announced the launch …

Paytm Payment Banks Announces Automatic Cashless Payment at 211 Toll Plazas Across India
4 years, 1 month ago

Paytm Payment Banks Announces Automatic Cashless Payment at 211 Toll Plazas Across India

News 18  

Paytm Payments Bank Ltd has today announced that it is now enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection program. It is further aiming to acquire another 100 toll plazas and achieve 100% growth in FASTag sales in the next 3 months. In order to …

Paytm credit card coming soon, around 2 million cards to be issued in 18 months
4 years, 2 months ago

Paytm credit card coming soon, around 2 million cards to be issued in 18 months

India Today  

Paytm on Monday has announced that it is coming up with credit cards to make it easier for new users to join the credit market. This can transform the credit market by bringing 'new to credit' users into the formal economy.” With its credit card, Paytm aims to bring the credit card experience to the young professionals and the college-goers. …

Paytm announces Rs 10 crore fund for mini app developers
4 years, 2 months ago

Paytm announces Rs 10 crore fund for mini app developers

India TV News  

Increasing its stake in its ongoing fight with Google, leading digital payments platform Paytm on Thursday announced a Rs 10-crore fund for mini apps developers in the country. Addressing a mini-apps developer conference, Paytm Founder Vijay Shekhar Sharma said that he is targeting "at least one million mini apps" to put an end to "the victimisation of 30 per cent …

Paytm Returns to Play Store After Being Removed For Violating Policies
4 years, 3 months ago

Paytm Returns to Play Store After Being Removed For Violating Policies

News 18  

UPDATE: The Paytm app is back on the Google Play Store. Paytm, one of India’s largest startups and a heavily used digital payments service, has been suspended by Google from the Google Play Store. According to a report by TechCrunch, Paytm’s consumer-facing app has been suspended from the Play Store after Google took cognisance of “repeated violations” by Paytm of …

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