Tag: Paytm

Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report

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Paytm and Zomato did not respond to requests for comment (Representational) Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales. The discussions between Paytm, officially known as One97 Communications Ltd, and…

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Paytm lays off employees as part of restructuring, facilitates outplacement support

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The logo of the Paytm app. File | Photo Credit: Reuters Fintech firm One97 Communications, owner of the Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm’s sales employee headcount in the March 2024 quarter dropped…

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Paytm Q4 Results Show Loss Widens To Rs 550 Crore After RBI Action Against Paytm Payments Bank

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Representational Image New Delhi: Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit. The company’s consolidated net loss was at Rs 5.5 billion as it took an impairment of Rs…

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Paytm Payments Bank Shuts Down Today. Details Here

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Paytm app will keep running even after March 15. Paytm, a major player in India’s fintech scene, is facing a setback as its banking arm, Paytm Payments Bank Ltd (PPBL), is stopping key services from today. This comes after the Reserve Bank of India imposed restrictions on the bank, citing serious rule violations. Customers relying on…

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

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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…

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Paytm Gets Third-Party App License From Payments Authority

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This comes after its banking arm Paytm Payments Bank, ceases operations by March 15. -Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country’s payments authority, which will enable it to facilitate payments after its banking unit ceases operations. The license will…

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Why Paytm CEO Vijay Shekhar Sharma Quit Payments Bank Board

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Mr Sharma owns a 51 per cent stake in Paytm Payments Bank. New Delhi: Paytm CEO Vijay Shekhar Sharma on Monday resigned as non-executive chairman and board member of Paytm Payments Bank, amid ongoing regulatory challenges faced by the digital payments giant. The decision follows a series of measures imposed by the Reserve Bank of…

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Paytm shares jumped 5% in the morning trade on February 26, 2024

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Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…

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