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.
Paytm Payments Bank being an issuer and payment service provider bank in itself along with being an acquirer of UPI transactions on its own platform, makes it the source and destination for all of its transactions. So, it effectively serves the customer end-to-end in a transaction.
The company has seen a stronger monetisation across all its key businesses while limiting indirect costs, leading to a 61 per cent YoY improvement in operating profits or Ebitda before employee stock ownership plan (ESOP) costs to Rs 166 crore.
New Delhi [India], October 16 (ANI): As the country moves towards digitalisation of the whole banking sector and paperless transactions, Paytm Payments Bank is strengthening its leadership with seasoned executives from the banking and financial services industry.
New Delhi [India], September 8 (ANI): Payment and credit operations of fintech solutions provider One 97 Communications which operates the popular payment platform Paytm continued to witness robust growth.
New Delhi [India], August 21 (ANI): Vijay Shekhar Sharma will be reappointed as Paytm Managing Director and Chief Executive Officer as 99.67 per cent voted in favour of him.
Mumbai (Maharashtra) [India], August 19 (ANI): India's leading digital payments and financial services company Paytm has reiterated its compliance with the market regulator Securities and Exchange Board of India (SEBI) norms while replying to the observations of proxy firms.
New Delhi [India], May 22 (ANI): One 97 Communications, which operates under Paytm brand, has reappointed its founder Vijay Shekhar Sharma as managing director (MD) and chief executive officer (CEO) till December 18, 2027.
Gurugram (Haryana) [India], March 13 (ANI): Following the report of the Co-founder and CEO of Paytm Vijay Shekhar Sharma's arrest and release on bail by Delhi Police, Paytm on Sunday clarified that there was no harm caused to any person or property in the incident that took place last month.
New Delhi [India], March 13 (ANI): Co-founder and CEO of Paytm Vijay Shekhar Sharma was arrested and released on bail by Delhi Police last month for allegedly ramming his car into the official vehicle of South Delhi's Deputy Commissioner of Police.
Mumbai (Maharashtra) [India], December 28 (ANI/NewsVoir): Polygon BUIDL IT 2k21, India's first Polygon-native hackathon, which aims to promote Web3 technology and culture among budding Indian developers becomes India's largest Web3 Hackathon with a whopping 5031 registrations.