Paytm

UK-Based Hedge Fund Marshall Wace Sells Shares Of Paytm, Shriram Finance For Rs 426 Crore

Marshall Wace, through its arm Marshall Wace Investment Strategies - Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE).

Jun 19, 2024, 09:06 AM IST

Zomato To Take Over Paytm's Movie Ticketing Biz? Check What Both Companies Said

Both Paytm and Zomato have issued clarification to the stock exchanges regarding media speculations on acquisition biz.

Jun 17, 2024, 12:31 PM IST

Zomato May Buy Paytm's Movie Ticketing Business: Reports

Zomato has invested Rs 300 crore in its quick commerce arm, Blinkit, as this segment is projected to surpass its core food delivery business.

Jun 16, 2024, 20:25 PM IST

Paytm Shares See Good Rally On Partnership With Samsung Wallet

Samsung and Paytm have announced partnership to bring travel & entertainment services to Samsung Wallet in India.

Jun 13, 2024, 12:03 PM IST

Paytm Lays Off Employees As Part Of Restructuring, Facilitates Outplacement Support

Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank.

Jun 10, 2024, 12:38 PM IST

You Will See Us Reach Back To Key Metrics: Paytm’s Vijay Shekhar Sharma

Vijay Shekhar Sharma, the founder and CEO of One97 Communications, the parent entity that operates brand Paytm, said that he is confident that the organisation will reach back to key metrics, making a strong recovery.

May 23, 2024, 12:41 PM IST

Paytm Layoffs: Company Signals Potential Job Cuts Amid Sales Decline

Paytm CEO Vijay Shekhar Sharma informed shareholders that the company anticipates a short-term financial impact on revenue and profitability due to the disruptions experienced in Q4.

May 23, 2024, 09:48 AM IST

Fully Committed On Building Paytm Through Regulatory Compliances And Prudent Operation Risk Policies: Paytm’s Sharma

One97 Communications, the parent entity that operates brand Paytm, is  fully committed towards building its business according to regulatory compliances and prudent operations risk policies, its founder and chief Vijay Shekhar Sharma said.

May 22, 2024, 14:05 PM IST

Paytm’s Partnership With Other Banks De-Risks Its Business Model And Opens Long-Term Monetization Opportunities

One97 Communications Limited (OCL) the parent entity that owns brand Paytm, expects that transitioning its core payment business from Paytm Payments Bank Ltd to other banks will help it de-risk its business model and open up new opportunities for long term monetisation, said the company.

May 22, 2024, 10:59 AM IST

Paytm FY24 Revenue Increases 25% To Rs 9,978 Cr; Reports First Full Year EBITDA Before ESOP Profitability (Since IPO) Of Rs 559 Cr

• In FY25, company will focus on embedded insurance and wealth product distribution and credit growth led by distribution-only disbursement model
• AI led efficiency and leaner organisation structure to drive ₹400-₹500 Cr in annualised savings in the coming year
• Multi-bank model to provide long-term monetisation opportunities

 

May 22, 2024, 10:50 AM IST

Paytm Q4 FY24 Loss Widens To Rs 550 Crore

The revenue from operations of Paytm declined 2.8 per cent to Rs 2,267.1 during the reported quarter from Rs 2,464.6 crore in the corresponding quarter of the financial year 2023.

May 22, 2024, 10:18 AM IST

Paytm Travel Carnival: Exciting Deals On Domestic Flights, Discounts On Train And Bus Bookings

Bus tickets booked through Paytm also come with features such as live bus tracking, free cancellation, and the best price guarantee.

May 17, 2024, 15:51 PM IST

Paytm Travel Carnival Kicks Off: Check Promo Code, Offer Dates, Deals And Discounts On Domestic Flights, Train, Bus

On booking domestic flights via Paytm, users can use the "SUMMERSALE" promo code to unlock a double advantage: zero convenience fees and a 10 per cent discount up to Rs 750.

May 17, 2024, 15:02 PM IST

Paytm Focuses On UPI Lite Wallet For Low-Value Daily Payments

The company partnered with leading Payment System Providers (PSPs), such as Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank that will ensure a robust and reliable framework for your UPI transactions.

May 13, 2024, 15:15 PM IST

Paytm Says Reports That Claimed Some Lenders Invoked Loan Guarantees Are "Factually Incorrect"

Paytm asserted that it acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners.

May 09, 2024, 21:19 PM IST

Paytm CBOs Bipin Kaul, Ajay Singh Resign Amid Ongoing Restructuring

Notably, Paytm President and Chief Operating Officer Bhavesh Gupta has taken a career break due to "personal reasons", and will be transitioning to an advisory role.

May 07, 2024, 18:45 PM IST

Paytm's Chief Operating Officer Bhavesh Gupta Resigns, Citing Personal Reasons

Varun Sridhar, formerly CEO of Paytm Money has been appointed as CEO of Paytm Services.

May 05, 2024, 13:59 PM IST

Paytm Announces Leadership Change To Double Down On Financial Services

OCL has expanded its portfolio with Paytm Services Pvt Ltd (PSPL), a subsidiary dedicated to distributing mutual funds, and other wealth management products.

May 04, 2024, 20:53 PM IST

Paytm Initiates Customer Migration To Partner Banks For UPI Services

The four handles to choose from include @ptsbi, @pthdfc, @ptaxis, and @ptyes.

Apr 18, 2024, 13:45 PM IST

Paytm Clarifies Licensing Process Status Amid Speculations, Says Govt Champions Fintech

Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license application and potential penalties. 

Apr 16, 2024, 20:38 PM IST