Page 25 - Paytm

UP allocates Rs 1k cr to Startup Fund to support innovative biz ventures

Soonicorns, minicorns on radar

Paytm subsidiary inks pact with Startup Bihar to offer banking solutions

One97 Communications, which owns the Paytm brand, on Friday announced that its wholly-owned subsidiary Paytm Payment Services Limited (PPSL) has signed a pact with Startup Bihar to promote the state's startup ecosystem. Under the memorandum of understanding (MoU), PPSL will help startups grow their businesses with the Paytm Startup Toolkit, which offers solutions in payments, payouts, banking, and distribution. Paytm Startup Toolkit will aid, simplify, and accelerate business ventures of youth in their early stages of growth, One97 Communications Limited said in a release. Additionally, the Paytm Incubation Centre will empower early-stage startups in their journey. It will help young entrepreneurs gain new user acquisitions, access funds, and access more facilities. Startup Bihar is the state government's ambitious initiative to promote startups. Since its inception in 2016, it has fostered a startup and innovation ecosystem in Bihar on a large scale. The Bihar Startup Policy 2022

Near-term sales growth, profitability on fintech giant Paytm's horizon

Revenue was at Rs 2,518.6 crore and payment processing charges were up 6.5 per cent q-o-q and were 54.4 per cent of payments services revenue

Growth in personal loans offering likely to remain muted for Paytm

Sources in the know said that the personal loans book may grow in the range of 30 to 40 per cent Y-o-Y on its current base

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

Sensex sinks 826 pts, Nifty ends below 19,300; SmallCap index slides 4%

Stock market live on October 23, 2023: At 7:15 am, the Gift Nifty futures were nearly flat at 19,520 levels

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

PPBL 'at farm' length from One97 Communications, says Paytm CEO Sharma

Paytm Payments Bank Ltd and One97 Communications Ltd (OCL) are two different companies which operate not just at arm's length but "at farms" length, a top official of Paytm said on Saturday. In response to a question on the impact of the RBI banning Paytm Payment Bank Ltd (PPBL) from onboarding new customers, Paytm founder and CEO Vijay Shekhar Sharma during the company's second-quarter earnings call said that the company does not need incremental customers for the growth of credit business. "Paytm Payments Bank Limited and Paytm, which is OCL, are two very different companies not just at arm's length, I call it farm length now. The approach here is of a completely clear understanding that whatever Paytm Bank does is for its good and for their business plan," Sharma said. PPBL is a group company of Paytm in which it holds a 49 per cent stake. However, Paytm books show PPBL as an associate of the company and not as a subsidiary. Sharma said Paytm acquires consumers for various consu

Paytm trims losses to Rs 290 crore in Q2, total income increases 8%

The Noida-based fintech's total income rose 8 per cent on a quarter-on-quarter basis from Rs 2,464.2 crore in Q1FY24 to Rs 2,662.5 crore in Q2FY24

Paytm Q2 results: Loss narrows as revenue jumps 32% on strong loan growth

Paytm, one of the country's first startups to go public, said revenue increased 32% to Rs 2,519 crore in the second quarter, from Rs 1,914 crore a year earlier

Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS

Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.

Passengers can now book QR-based tickets using Paytm app: DMRC

Delhi Metro has introduced a QR code-based ticketing facility through the Paytm app across all lines, officials said on Thursday. This expansion of the innovative service was inaugurated by Vikas Kumar, the Managing Director of Delhi Metro Rail Corporation (DMRC), according to an official statement. With this new feature, commuters can now get the mobile QR ticket on the Paytm app under the Delhi Metro' section, by simply entering the station of entry and destination on the day of the journey, it added. Passengers can just hold their smartphone in front of the QR code scanner of the Automatic Fare Collection (AFC) gates at both entry and exit stations to proceed with the journey. Earlier this facility was available only on the Airport Express Line, it added. Kumar noted that this expansion is a significant step towards providing efficient and stress-free transportation to the vast number of metro commuters in the national capital. "In the recent past, we have taken host of measure

RBI slaps Rs 5.39 crore penalty on Paytm PB for violating series of norms

Paytm PB facing ban on customers addition since Mar '22

P2M transactions to make 75% of all UPI transactions by 2025: Report

The average ticket size of UPI in the first six months of 2023 was 10% lower than the same period last year showing its growing penetration and increasing adoption of small payments

Paytm shareholders approve appointment of new statutory auditor SR Batliboi

Digital payment services provider Paytm on Wednesday said its shareholders have approved the appointment of a new statutory auditor, S.R. Batliboi & Associates LLP, for five years. S.R. Batliboi & Associates LLP has been approved as the new statutory auditor of Paytm for five years in the 23rd annual general meeting held on September 12, Paytm said in an exchange filing. Price Waterhouse Chartered Accountants LLP has completed its term as the statutory auditor of the company at the conclusion of the AGM, the filing stated. The company in a separate filing said that shareholders approved reappointment of Madhur Deora as Executive Director, President and Group Chief Financial Officer as well as the proposed increase in his salary. Price Waterhouse Chartered Accountants LLP on August 7 had announced its resignation as auditor of Paytm Payments Services Limited with immediate effect. PwC had cited the change of auditors at the holding company level and Paytm's practice to align ...

TMS Ep519: IMEEC corridor, Djokovic, T+1 settlement cycle, Paytm Soundbox

How big a deal is the India-Middle East-Europe Corridor? Is Novak Djokovic indeed the GOAT? Is India ready for the T+1 hour settlement cycle? What is the Paytm Soundbox? All answers here

Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet

Stocks to watch on Wednesday, September 13, 2023: Steel stocks too may see some action India and the US plan to enable exports of at least 336,000 tonnes of certain steel and aluminium products withou

Building AGI stack to shield against potential frauds, says Paytm CEO

The company said there are around 50 million merchants in India who use quick response (QR) codes for payments

Groww Mutual Fund receives Sebi approval to launch its first index fund

Groww has received the approval of the Securities and Exchange Board of India to launch its first index fund - Groww Nifty Total Markets Index Fund - through new fund offering

Innovation gains

Paytm is leading the way among fintechs