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PayTm. File picture | Photo Credit: Reuters India’s digital payments ecosystem is moving beyond a scale-led narrative, with merchant payments emerging as the core driver of revenues and accounting for nearly three-fourths of the industry’s net revenue pool, according to Bernstein’s latest sector primer. The brokerage estimates the current payments revenue pool at roughly ₹25,000…
As the company’s shares touched a 52-week high, the market valuation of Paytm rose by ₹1,986.32 crore to ₹64,109.58 crore. File | Photo Credit: Reuters Shares of One97 Communications, which owns the Paytm brand, on Monday (December 9, 2024) jumped more than 3% on the bourses after the company approved the sale of stake in Softbank…
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Paytm shares have lost around 10% since the central bank clampdown on Jan. 31. New Delhi: The Paytm said late on Tuesday it received approval from the country’s payments authority to onboard new unified payment interface (UPI) users, providing some relief for the financial services firm after a central bank-ordered ban on its banking unit….
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SEBI had issued a show cause notice to PayTM on the ESOP issued to him. File | Photo Credit: Reuters Market regulator Securities Exchange Board of India (SEBI) has issued notice to fintech firm One97 Communications, which owns the PayTM brand, in the March 2024 quarter on employee stock options given to its MD and…
Sebi had issued a show cause notice to Paytm on ESOP issued to Mr Sharma. New Delhi: Market regulator Sebi has issued notice to fintech firm One97 Communications, which owns the Paytm brand, in the March 2024 quarter on employee stock options given to its MD and CEO Vijay Shekhar Sharma, according to the company…
Read More “SEBI Notice To Paytm On 2.1 Crore Employee Stock Options To CEO, Firm Says…” »
Paytm’s shares closed at ₹467.25 apiece on July 12, 2024. File | Photo Credit: REUTERS Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications, the owner of Paytm brand,…
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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…
Read More “Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report” »
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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Image for representational purposes only. | Photo Credit: REUTERS Fintech firm One97 Communications, which owns the Paytm brand, on May 22 said its loss in the fourth quarter of the financial year 2023-24 has widened to ₹550 crore. The company had posted a loss of ₹167.5 crore in the same period a year ago, the…
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…