Page 3 - Paytm Money

In 2 days, Paytm erases $2 bn in market value as RBI action spooks market

Paytm is now down about 77 per cent from its initial public offering in 2021

Experts hail India's digital public infra for reducing inequality

A group of global experts has hailed India's robust digital public infrastructure, especially UPI, in reducing inequality. At a panel discussion here this week at Davos Innovation Week, hosted by World Innovation Economics, the experts discussed how UPI and overall digital public infrastructure have scaled new heights in India. The panel comprised of Sanjeev Sanyal (Economic advisor to Prime Minister Narendra Modi), Phillip Weights (Swiss banking leader), Efi Pylarinou (Swiss fintech influencer) and Ashok Ranadive (Ex-Indian Navy, Ex-Google, entrepreneur and investor). The panel discussed about UPI, Digital Public Infrastructure, India Stack 2.0, CBDC, Blockchain, and Data privacy. All the panellists praised India's rapid inclusive growth due to its robust digital public infrastructure, good governance and inclusive growth. The panel also discussed how technology like UPI can be in future exported to the US or Europe as it is better than existing platforms there. Sanyal emphasise

Paytm to trim small-ticket postpaid loans after RBI tightens norms

It disbursed personal loans amounting to Rs 3,927 crore and merchant loans worth Rs 3,275 crore in Q2FY24

Paytm's Vijay Shekhar Sharma launches AIF with target corpus of Rs 30 crore

The fund, which has been approved by the Securities and Exchange Board of India (SEBI), would see Sharma along with other external investors as contributors to the fund

Paytm Money launches bond Investing on platform for retail investors

Bonds on Paytm money app present investors with all information on one platform, and converts everything to yield so investors can analyse and understand the returns they can earn, the company said.

Merchant payment via wallets on UPI to attract 1.1% interchange from Apr 1

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

BS BFSI Insight Summit 2022: Fireside chat with Paytm CEO Vijay Sharma

Sharma founded One97 Communications in 2000 and subsequently Paytm a decade later in 2010. In November 2021, Paytm went public, raising $2.5 billion at a valuation of $19 billion

Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share

Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore

Paytm in focus as board considers buyback; IIAS raises key concerns

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

Paytm has lost over Rs 1 trillion in market cap since its issue

Paytm's m-cap, which was over Rs 1.38 trillion at the time of the launch of the IPO, has declined 77 per cent in just over a year to Rs 30,971 crore

Paytm faces another reckoning with lock-in period expiring this week

The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp

Paytm is one of the most compelling growth stories: Goldman Sachs

The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

Paytm's Apr-Jun loans disbursal jumps nine-fold to Rs 5,554 crore

The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period

Paytm to seek new licence for general insurance, says bullish about plans

Digital payments and financial services company Paytm on Sunday said it will seek a new general insurance license with a fresh application, aimed at gaining majority shareholding

Free products and services win customers, paid ones help sellers monetise

Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice

Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI

The company said it is also offering free demat accounts for lifetime to all

LIC IPO will see record demat account openings in India: Paytm Money CEO

Big push for new demat accounts likely to come from smaller cities and towns, as many investors will open them only to apply for the IPO

Is Paytm ready for a short-term reversal? Here's what technical charts say

Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.