Page 13 - Paytm

Paytm cuts jobs as part of restructuring, facilitates outplacement support

Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. 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. "One97 Communications Limited (OCL) is providing outplacement support to employees which have resigned as a part of the restructuring efforts by the company. "The company's human resource teams are actively collaborating with over 30 companies that are currently hiring, and providing assistance to employees who have opted to share their information, facilitating their immediate outplacement," the company said on Monday. Paytm, however, did not not disclose the number of employees impacted by the restructuring. "Paytm is also disbursing bonuses

Patym hits 10% upper circuit on heavy volumes post RBI policy; here's why

To encourage wider adoption of UPI Lite, the RBI today proposed to bring it under the e-mandate framework.

Back to basics: Fintech player Paytm's focus is payments and distribution

The firm seems to be returning to the drawing board, revisiting its business strategy, including its partnership with lenders

Paytm's UPI market share continues to slide down after RBI crackdown

Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India

'Speculative, untrue': Paytm, Adani Group deny stake sale in fintech major

News report said coal-to-airports conglomerate is buying a stake in the digital payments firm

Adani in talks with Paytm to acquire stake? Speculative, says fintech firm

One97 Communications said reports claiming that Gautam Adani, chairman of the Adani Group, is considering acquiring a stake in Paytm's parent company One97 Communications are speculative

Paytm stock hits 5% upper circuit even as Co denies Adani stake buy report

Paytm latest news: One97 Communications has clarified that the news item is speculative and the company is not engaged in any discussions in this regard

Paytm Insider announces elevation of Varun Khare to position of COO

Prior to this, Khare was the business head of live entertainment (intellectual properties and partnerships) at the company

Noida-based Paytm General Insurance withdraws application with Irdai

The company will focus on its insurance distribution portfolio, moving away from making insurance products

Paytm considering reduction of workforce by 20% amid rising employee costs

During FY23, the company maintained an average of 32,798 employees on its rolls, with 29,503 actively engaged

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%

Company has 'transitioned' payment business from Paytm Payments Bank to other partner banks, says CEO

Paytm changes designation of senior exec, CBO Ripunjai Gaur named SMP

Fintech giant has seen exits in its senior management after its banking unit was put under restrictions in January

Loans to subscriptions: Paytm feels effect of RBI curtailing Payments Bank

Paytm on Wednesday reported a 54 per cent year-on-year (Y-o-Y) decline in total loans disbursed in its financial results for 2023-24 (FY24)

Paytm Q4 FY24 results: Loss widens to Rs 550 crore, warns of job cuts

Paytm Q4 FY 24 results: Shares of Paytm were trading at Rs 349 at 9:35 am on the BSE following the release of the company's quarter earnings report

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings

Company Results Q4 FY24: Jubilant, Ramco Cements, NIIT Learning also anticipated to release fourth quarter earnings on May 22

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent

Bharti Airtel, Cipla, Paytm, Colgate among seven stocks to track on May 15

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

Paytm UPI Lite allows Rs 500 per transaction without PIN: Details here

Paytm's UPI Lite Wallet is designed for quick and easy payments without needing to enter a PIN

Paytm to focus on UPI Lite Wallet after RBI's crackdown on payments bank

UPI Lite processes low-value transactions that have been set at below Rs 500, according to the National Payments Corporation of India (NPCI) website

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults