Search For "paytm"
Paytm Payments Bank becomes first to launch UPI LITE feature
Updated : 3 years, 1 month ago IST
Designed by the National Payments Corporation of India (NPCI), UPI LITE was launched by the Reserve Bank of India in September 2022. It also de-clutters the bank passbook of small value transactions, as these payments would now only show in the Paytm balance and history section, and not in t
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Alibaba exits India - sells its entire stake holding in Paytm
Updated : 3 years, 1 month ago IST
With this sale, Alibaba is no longer a stakeholder in Paytm. The company had sold around 3.1 per cent of 6.26 per cent equity in Paytm in January.
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Paytm strengthens offline payments with 6.1 mn devices, monthly transactin
Updated : 3 years, 1 month ago IST
Through a focus on creating payment monetisation, Paytm's aim is to expand its subscription services. The company continues to dominate the offline payments market with 6.1 million merchants now paying subscriptions for payment devices, an increase of 0.3 million in the month of January 2023
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Top brokerages raise targets for Paytm; recommend 'Buy' as firm achieves o
Updated : 3 years, 1 month ago IST
Citi, CLSA, and Goldman Sachs have recommended to buy the share post-Q3FY23 earnings, while Bank of America (BofA) maintained its 'neutral' rating. Goldman believes that Paytm's current share price continues to offer a compelling entry point into India's largest fintech platforms.
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Paytm announces operating profitability of Rs 31 crore; Vijay Shekhar Shar
Updated : 3 years, 1 month ago IST
The fintech firm on Friday reported its revenue from operations increased to Rs 2,062 crore, a growth of 42 per cent on a yearly basis and 8 per cent on a quarterly basis.
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Ant Group's Douglas Feagin steps down from Paytm board as firm matures as
Updated : 3 years, 1 month ago IST
Paytm is expected to share its third quarter or December quarter (Q3FY23) earnings on Friday, where analysts expect the company to announce strong revenue growth with reduction in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) losses.
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Mutual funds up stake in Paytm, more retail investors jump on board as fir
Updated : 3 years, 1 month ago IST
Increase in shareholding by domestic investors shows more Indian believe in Paytm's ability to deliver profitability without compromising on growth.
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Paytm may see profitability in March, two quarters ahead of expectation; G
Updated : 3 years, 2 months ago IST
Paytm is expected to be adjusted EBITDA positive in March 2023, two quarters ahead of the estimates and the company's guidance of September 2023.
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Paytm Payments Bank gets final nod from RBI to operate Bharat Bill Payment
Updated : 3 years, 2 months ago IST
Paytm Payments Bank Limited (PPBL) received final approval from the Reserve Bank of India to operate as Bharat Bill Payment System services under the Payment and Settlement Systems Act, 2007, said a press release on Monday.
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Alibaba exiting India? Paytm among other Alibaba-owned stocks seeing sello
Updated : 3 years, 2 months ago IST
Paytm's stocks on Thursday saw a sharp downside movement after a block deal that took place where 259,930 shares were sold.
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Paytm to be key beneficiary of UPI incentive scheme, may cash in 5-7% of t
Updated : 3 years, 2 months ago IST
The Union Cabinet on Wednesday approved the incentive scheme with a financial outlay of Rs 26 billion for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for 2022-23, compared with Rs 15 billion in 2021-22.
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Analysts expect strong Q3 for Paytm with cut in adjusted Ebitda losses
Updated : 3 years, 2 months ago IST
BofA Securities also expects Paytm's momentum in the lending business as well as its merchant traction to remain strong in Q3. Analysts at ICICI Securities in January 4, 2023, estimated an 11 per cent quarter-on-quarter operating revenue growth on the back of increasing GMV and lending bu
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