Paytm Loss
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of 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.
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Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
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.
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Fearing Job Loss, Paytm Employee Dies By Suicide In Madhya Pradesh: Cops
A 35-year-old staffer of Paytm Payments Bank Ltd has committed suicide by hanging himself in Indore prima facie due to stress over potential job loss, police said on Monday.
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Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
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Paytm Shares Jump to Six-Month High on Increased Monthly Users, More Payment Devices, Surge in Revenue
Paytm shares jumped to a six-month high, on the back of increased monthly users, additional payment devices and more disbursal of loans. On Friday, Paytm reported an 89 percent surge in quarterly revenue, which rose to Rs 1,680 crore, from Rs. 891 crore last year. Paytm, which competes with Google's payment app and Walmart's PhonePe in India's digi...
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Paytm Monthly Transacting Users Grew 49 Percent YoY, Q1 Net Loss Widens to Rs 644.4 Crore
Paytm announced on Friday that its consolidated loss had widened to Rs. 644.4 crore in the quarter ended June 30. The firm One97 Communications, which operates under the Paytm brand, said that it had recorded a net loss of Rs. 380.2 crore a year ago. Meanwhile, the company said that its monthly transacting users grew by 49 percent on a year-on-yea...
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Paytm Working to Fix Issues After Several Users Report Glitches on App
Paytm issued a statement on Friday to inform that it is fixing the reported glitches on the application after several users were unable to make transactions using the app. Many even asked Paytm to compensate for the loss they suffered as the crash took place during the market time.
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Paytm CEO Says Firm Chasing $1 Billion Goal, Seeks to ‘Rewind-and-Reset’ Fintech Pioneer After IPO Fiasco
Paytm CEO Vijay Shekhar Sharma is looking to rewind-and-reset the fintech pioneer in India, following the stock-price collapse which exacerbated a crisis for India’s startups. The fintech firm’s founder is looking to win back investor confidence, as the company’s operating losses widened over the past year to about $350 million (roughly Rs. 2...
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Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
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Highlights: One Day's Loss Not Whole Picture, Says Paytm Founder On Weak Market Debut
Paytm founder VIjay Shekhar Sharma is speaking to NDTV over the company's market debut after India's biggest-ever IPO.
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Snapdeal Denies Report That It Is in Sale Talks With Flipkart, Paytm
A Snapdeal spokesperson denied the Mint report of sale talks with Paytm and Flipkart.
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Paytm Wallet Insurance Introduced for Money Loss Due to Phone Theft or Fraud Transactions
Paytm has announced Wallet Insurance of up to Rs. 20,000 for users who lose their money in the event of phone loss or unethical fraudulent transactions.
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Notes Ban: Small Traders Go Cashless In Ahmedabad
Jagdish Bhai, a retired government official in Ahmedabad, went shopping for vegetables on Tuesday, dreading the loss of precious cash, but he was in for a pleasant surprise. His local grocer had put up a big hoarding announcing that he now accepts payment by credit and debit cards.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of 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 Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
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.
-
Fearing Job Loss, Paytm Employee Dies By Suicide In Madhya Pradesh: Cops
A 35-year-old staffer of Paytm Payments Bank Ltd has committed suicide by hanging himself in Indore prima facie due to stress over potential job loss, police said on Monday.
-
Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
-
Paytm Shares Jump to Six-Month High on Increased Monthly Users, More Payment Devices, Surge in Revenue
Paytm shares jumped to a six-month high, on the back of increased monthly users, additional payment devices and more disbursal of loans. On Friday, Paytm reported an 89 percent surge in quarterly revenue, which rose to Rs 1,680 crore, from Rs. 891 crore last year. Paytm, which competes with Google's payment app and Walmart's PhonePe in India's digi...
-
Paytm Monthly Transacting Users Grew 49 Percent YoY, Q1 Net Loss Widens to Rs 644.4 Crore
Paytm announced on Friday that its consolidated loss had widened to Rs. 644.4 crore in the quarter ended June 30. The firm One97 Communications, which operates under the Paytm brand, said that it had recorded a net loss of Rs. 380.2 crore a year ago. Meanwhile, the company said that its monthly transacting users grew by 49 percent on a year-on-yea...
-
Paytm Working to Fix Issues After Several Users Report Glitches on App
Paytm issued a statement on Friday to inform that it is fixing the reported glitches on the application after several users were unable to make transactions using the app. Many even asked Paytm to compensate for the loss they suffered as the crash took place during the market time.
-
Paytm CEO Says Firm Chasing $1 Billion Goal, Seeks to ‘Rewind-and-Reset’ Fintech Pioneer After IPO Fiasco
Paytm CEO Vijay Shekhar Sharma is looking to rewind-and-reset the fintech pioneer in India, following the stock-price collapse which exacerbated a crisis for India’s startups. The fintech firm’s founder is looking to win back investor confidence, as the company’s operating losses widened over the past year to about $350 million (roughly Rs. 2...
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Paytm Payments Bank Says RBI Curbs to be Lifted in 3 to 5 Months
Paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, says the central bank will allow it to resume taking on new customers in the next few months.
-
Highlights: One Day's Loss Not Whole Picture, Says Paytm Founder On Weak Market Debut
Paytm founder VIjay Shekhar Sharma is speaking to NDTV over the company's market debut after India's biggest-ever IPO.
-
Snapdeal Denies Report That It Is in Sale Talks With Flipkart, Paytm
A Snapdeal spokesperson denied the Mint report of sale talks with Paytm and Flipkart.
-
Paytm Wallet Insurance Introduced for Money Loss Due to Phone Theft or Fraud Transactions
Paytm has announced Wallet Insurance of up to Rs. 20,000 for users who lose their money in the event of phone loss or unethical fraudulent transactions.
-
Notes Ban: Small Traders Go Cashless In Ahmedabad
Jagdish Bhai, a retired government official in Ahmedabad, went shopping for vegetables on Tuesday, dreading the loss of precious cash, but he was in for a pleasant surprise. His local grocer had put up a big hoarding announcing that he now accepts payment by credit and debit cards.
