Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Feb 15, 2024, at 06:34 am
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report
Feb 15, 2024, at 04:53 am
Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.
Hit by RBI restrictions, Paytm to set up advisory committee headed by ex-SEBI Chairman M Damodaran
Feb 10, 2024, at 07:55 am
Mumbai: One97 Communications, the fintech company that owns the Paytm brand, revealed on Friday that it would set up an advisory committee led by former SEBI Chairman M Damodaran, media reported.
Feb 08, 2024, at 04:36 am
Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.
Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman
Feb 07, 2024, at 05:20 am
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.
Reasons for RBI's crackdown on Paytm Payments Bank: Report
Feb 03, 2024, at 03:25 am
Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.
Jan 31, 2024, at 11:55 pm
The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.
SoftBank offloads 2% stake in Paytm for Rs 980 cr
Jan 25, 2024, at 03:20 am
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr
Jan 20, 2024, at 05:53 am
Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.
Paytm fires 1,000 employees days after announcing to hire 50,000 people
Dec 25, 2023, at 06:13 pm
Mumbai/IBNS: India's multinational fintech company Paytm has fired 1,000 employees days after announcing the hiring of 50,000 people, media reports said.
Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr
Oct 21, 2023, at 02:47 am
Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.
Paytm won't need funding in the near future: CEO Madhur Deora
Sep 13, 2023, at 08:15 am
Mumbai: Fintech company Paytm has said that it will not need funding in the near future as the firm has a cash balance of Rs 8,300 crore and it is confident of becoming sustainable due to the free cash flow, media reports said.
Startup ecosystem creation: Paytm inks MoU with Arunachal Pradesh
Jun 26, 2023, at 04:21 am
Paytm Payment Services Limited recently signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to initiate a startup ecosystem for the youth of the northeastern state.
Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May
Jun 05, 2023, at 08:06 pm
India’s leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023.
Paytm promotes Bhavesh Gupta as president and COO
May 17, 2023, at 03:09 am
Mumbai: In a move to bolster its lending operations amidst growing competition in the digital lending sector, Paytm has promoted Bhavesh Gupta, a key executive in its lending division, to the position of President and Chief Operating Officer (COO).
SoftBank offloads 2% stake in Paytm parent One97 Communications
May 12, 2023, at 02:08 am
Multinational investment firm SoftBank Thursday communicated to the bourses that it has offloaded a little more than 2 percent stake in One97 Communications Limited, the parent company of Paytm, in compliance with the SEBI regulations, Moneycontrol reports said.
Paytm Payments Bank announces next gen features like UPI Lite
May 10, 2023, at 11:52 pm
Kolkata: Paytm Payments Bank has announced a slew of new launches for Paytm UPI.
Paytm UPI LITE active on these 10 banks
Mar 25, 2023, at 03:10 am
India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE.
China's Alibaba offloads entire stake in Paytm
Feb 11, 2023, at 03:55 am
Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.
Dec 20, 2022, at 12:14 am
Kolkata: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments in India, has launched ‘Paytm Payment Protect’, a group insurance plan in association with HDFC ERGO General Insurance, a leading general insurance company of India, to insure transactions made through UPI across all apps and wallets.
NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr
Dec 03, 2022, at 04:45 am
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
Paytm offers cashback on booking LPG cylinders
Nov 30, 2022, at 08:58 pm
Indian digital payments firm Paytm has started offering cashback on booking of LPG cylinders on its app across Bharatgas, Indane and HP Gas.
Nov 27, 2022, at 08:51 pm
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.
Paytm Q2 Report: Consolidated loss widens to Rs 593.9 cr, revenue up by 76 percent
Nov 08, 2022, at 08:05 pm
IBNS/New Delhi: Paytm's parent firm One97 Communications on Monday reported a widening in consolidated net losses to Rs 539.3 crore in Q2 ended Sept 30.
Paytm registers 6 mln loan disbursals during July-Aug period
Sep 07, 2022, at 12:18 am
Mumbai/UNI: One 97 Communication, the parent company of Paytm, Tuesday said its loan distribution business scaled to six million disbursals during the July-Aug period, aggregating to Rs 4,517 crore.
Sahreholders reappoint Vijay Shekhar Sharma to head Paytm for 5 more yrs
Aug 22, 2022, at 02:22 am
Vijay Shekhar Sharma has been once again appointed the Managing Director and Chief Executive Officer of Paytm as 99.67 percent of shareholders voted in favour of him.
Vijay Shekhar Sharma reappointed MD & CEO of Paytm
May 22, 2022, at 08:20 pm
Paytm founder Vijay Shekhar Sharma has been reappointed MD and CEO of the fintech company for five years, the company said in informed the exchanges on Saturday.
Paytm parent reports Rs 2,396 cr loss in FY22; revenue grows 65 pc to Rs 5,264 cr
May 21, 2022, at 05:46 am
One97 Communications which owns the digital payments brand Paytm posted a consolidated loss of Rs 2,396.4 crore for the fiscal year 2022.
Mar 14, 2022, at 11:45 pm
New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.
Paytm's net loss widens to Rs 778 cr; revenue grows 89 pc to Rs 1,456 cr
Feb 06, 2022, at 05:58 am
Mumbai/IBNS: Fintech company Paytm on Saturday said it has recorded a net loss of Rs 778 crore for the quarter ended December 31, 2021.