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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
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Did Paytm Payments Bank Launder Money? Enforcement Directorate To Probe
India's financial crime fighting agency will probe Paytm Payments Bank if any fresh charges of fund siphoning are found, Revenue Secretary Sanjay Malhotra told Reuters on Saturday.
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Paytm's Quarterly Revenue Rises 39% As Loan Demand Soars
Digital payments firm Paytm reported a 39% rise in quarterly revenue, helped by soaring demand for loans.
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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 UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
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Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
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. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm's Parent Firm Witnesses Strong Revenue Momentum With 42 Percent YoY Growth
One97 Communications, which owns the payments and financial services platform Paytm, continue to witness strong revenue momentum across its business verticals. The fintech firm on Friday reported its revenue from operations increased to Rs. 2,062 crore, a growth of 42 percent on a yearly basis and 8 percent on a quarterly basis.
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Paytm Deployed 1 Million Payment-Based Devices in July-September Quarter: Details
Paytm increased the number of devices it has deployed in the country to 48 lakh in Q2 FY23, the company announced in a recent regulatory filing, an increase of 1 million from the previous quarter. The company's subscription-as-a-service model and the strong adoption of devices have been driving higher payment volumes and subscription revenues while...
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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 May Enter 2 More Developed Markets in 2019, Says CFO
Paytm has already found its footing in Canada and Japan, and several commerce and financial services verticals of the company have begun to churn out revenue and profits, Deora said.
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India Post Parcel Revenue Soars 37 Percent on E-Commerce Push
With dwindling letter or document traffic, the department is focusing on the fast-growing parcel segment.
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
-
Did Paytm Payments Bank Launder Money? Enforcement Directorate To Probe
India's financial crime fighting agency will probe Paytm Payments Bank if any fresh charges of fund siphoning are found, Revenue Secretary Sanjay Malhotra told Reuters on Saturday.
-
Paytm's Quarterly Revenue Rises 39% As Loan Demand Soars
Digital payments firm Paytm reported a 39% rise in quarterly revenue, helped by soaring demand for loans.
-
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 UPI App Records 35 Percent YoY Merchant Growth to Rs. 2.65 Lakh Crore in April-May 2023
Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.
-
Paytm Reported 51.5 Percent Rise in Q4 Revenue, Posted Profit for Second Consecutive Quarter
Indian digital payments firm Paytm reported a 51.5 percent rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter. Paytm's parent, One 97 Communications, said revenue rose to Rs. 23.35 billion in the January-March quarter, from Rs. 15.41 billion a year earlier.
-
Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
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. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm's Parent Firm Witnesses Strong Revenue Momentum With 42 Percent YoY Growth
One97 Communications, which owns the payments and financial services platform Paytm, continue to witness strong revenue momentum across its business verticals. The fintech firm on Friday reported its revenue from operations increased to Rs. 2,062 crore, a growth of 42 percent on a yearly basis and 8 percent on a quarterly basis.
-
Paytm Deployed 1 Million Payment-Based Devices in July-September Quarter: Details
Paytm increased the number of devices it has deployed in the country to 48 lakh in Q2 FY23, the company announced in a recent regulatory filing, an increase of 1 million from the previous quarter. The company's subscription-as-a-service model and the strong adoption of devices have been driving higher payment volumes and subscription revenues while...
-
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 May Enter 2 More Developed Markets in 2019, Says CFO
Paytm has already found its footing in Canada and Japan, and several commerce and financial services verticals of the company have begun to churn out revenue and profits, Deora said.
-
India Post Parcel Revenue Soars 37 Percent on E-Commerce Push
With dwindling letter or document traffic, the department is focusing on the fast-growing parcel segment.
