One 97 Communications, which operates popular fintech brand Paytm, reported a 25 per cent rise in revenue at Rs 9,978 crore in the just concluded financial year 2023-24. The company attributed the growth to GMV growth, device additions, and growth in the financial services distribution business. Since its IPO, when the company went public, it…
Online payments platform Paytm has refuted reports of 25-50 per cent workforce reduction, calling them ‘baseless’ and added that they ‘inaccurately represent the company’s operational and strategic planning’, sources reported. Paytm has said that it currently engaged in the annual appraisal process, which is a standard practice across organisation and does not indicate layoffs. The…
Fintech firm One97 Communications, owner of the Paytm brand, has got five handles in partnership with four banks to continue UPI transactions, as per an update on the NPCI website. The company’s existing handle @paytm is among the five handles that users can continue using without the need to make any changes at their end….
Google and Walmart Inc. are rapidly gaining customers from India’s Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate. The value of Paytm payments made on India’s state-backed transactions system fell 14 per cent to Rs 1.65 trillion ($19.9 billion) from January, the National Payments…
Jefferies became the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling Indian fintech major “settles down”. The investment bank has moved the stock to “not rated”, weeks after lowering it to underperform after the Reserve Bank of India last month ordered Paytm Payments…
As the pioneers of QR and mobile payments in India, Paytm has built a strong digital ecosystem for merchants from the smaller shopkeepers to the biggest enterprise and enabled them to achieve stronger growth in their digital journey. The RBI has now confirmed that Paytm’s merchant payment services will remain uninterrupted and will continue to…
The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, official sources said Thursday. The central agency, according to the sources, is conducting preliminary examination of documents before it decides…
Discussions on Paytm to switch to third party app mode to keep UPI has been started with the National Payments Corporation of India (NPCI), one of the persons said. NPCI runs the UPI ecosystem in the county. One 97 Communications, which runs payment application Paytm, is focussing on the third-party payment app (TPAP) route to…
India’s banking regulator is considering scrapping the license of Paytm Payments Bank Ltd. The Reserve Bank of India (RBI) alerted the Directorate of Enforcement (ED) a few months ago about possible money laundering and know-your-customer (KYC) violations at Paytm, and the fintech services provider may lose its payments bank licence, given infringements flagged by the…
Paytm ownership change: Vijay Shekhar Sharma, the founder and CEO of the fintech company One97 Communications, will purchase a 10.30 percent share in Paytm from Antfin Holding BV through an off-market transfer in exchange for no cash. The financial rights to the stake that is being given to Sharma would still belong to Antfin. As…
Gulistan TV Network private Ltd is a non government company which was incorporated on 27 Oct, 2008. It focuses towards providing innovative creativity through its enterprising endeavor- “GULISTAN NEWS”.
Contact us: info@gulistannewstv.com
© 2024 Gulistan News – All rights reserved. | Gulistan Tv Network Private Limited
