PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted
Ant Group is expected to offload its remaining 5.84% stake in Paytm worth $434 million, marking a potential exit from the fintech firm. The deal comes amid growing regulatory concerns
The Noida-based company's losses for the entire FY25 was significantly lower at Rs 658.7 crore, down from Rs 1,417 crore in the previous financial year (FY24)
Nakul Jain is the Managing Director and CEO of Paytm Payments Services Limited (PPSL). He joined PPSL in June 2022 and is in charge of the Online Payments business
Prospects look better due to visibility on business turnaround and profitability. As and when, the Payment aggregator license is received from RBI, that could be a valuation catalyst
The loss follows a profitable September quarter, when the company reported a profit of Rs 928.3 crore, driven by the sale of its movie and ticketing business to Zomato
The company is seeing signs of recovery, with monthly transacting users (MTUs) at 71 million at the end of the September quarter of this financial year
The surge in Paytm share price came after the company announced that National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users
Paytm Q1FY25 results: One97 Communications' income for the first quarter fell 33%; Paytm is currently awaiting regulatory approval to start onboarding new UPI users
The decline followed the company's announcement of its Q4 results, which fell short of market expectations. Paytm's loss widened to Rs 549.6 crore in Q4FY24