Paytm

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

Paytm Shares Decline 4 Per Cent After Paytm Payments Bank's CEO Surinder Chawla Resigns

Surinder Chawla joined PPBL in January last year after the payments bank received approval from the Reserve Bank of India.  

Apr 10, 2024, 12:22 PM IST

Paytm Payments Bank MD And CEO Surinder Chawla Quits

Following regulatory actions, promoter Vijay Shekhar Sharma last month stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited, and the board of the bank has been reconstituted. 

Apr 09, 2024, 18:26 PM IST

Senior Vice President Praveen Sharma Resigns From Fintech Firm; Paytm Denies Layoff

Sharma, in his resignation letter mentioned his intention to explore "other opportunities" following his departure from the company.

Mar 24, 2024, 13:35 PM IST

Baat Pate Ki: Deadline for Paytm FASTag ends today

Paytm Latest Update: Baat Pate Ki - According to the guidelines of RBI, from today i.e. from March 16, you will not be able to deposit money in Paytm Bank..

Mar 16, 2024, 21:12 PM IST

Paytm's Multi-Bank Partnerships May Boost Its Financial Services Range and Revenue

Breaking Away from PPBL: Paytm Charts New Pathways with Major Bank Partnerships, Integrating a Broad Spectrum of Banking Services, Signaling the Next Era of Fintech Leadership.

Mar 16, 2024, 15:44 PM IST

Paytm Payments Bank Ban: Check 9 Key Changes That Will Come Into Effect Post March 15

On Friday, the National Payments Corporation of India (NPCI) granted approval to One97 Communications Limited (OCL), the parent company of Paytm, to participate in unified payments interface (UPI) as a third-party application provider (TPAP) under multi-bank model.

Mar 15, 2024, 12:26 PM IST

Big Relief To Paytm, Gets NPCI Approval As A Third-Party UPI App

This transition is crucial for ensuring the smooth functioning of Paytm's UPI services under the multi-bank model.

Mar 14, 2024, 19:15 PM IST

NHAI Revised Banks & NBFC List To Issue FASTags: Check New Authorized Entities Here

The revised list now includes 39 entities authorized to issue FASTags.

Mar 13, 2024, 15:48 PM IST