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.
In which we munch over the week's platter of news and views
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further drive the growth of inclusive, digital-first financial services in the country. Paytm founder and CEO Vijay Shekhar Sharma told reporters that India is at the cusp of the next payments revolution where credit will become the mainstream payment choice. "Together with SBI Card, Paytm RuPay credit card will be a great choice for consumers. Our users are already savvy on QR code-based payments and with RuPay credit cards working on UPI QR codes, transactions through mobile phones will get a further boost, marking a new era in digital payments," he added. Cardholders of either variant will be entitled to 2 per cent cashback on all Paytm ecosyste
Earlier this year, the Reserve Bank of India allowed users to link RuPay credit cards to the United Payments Interface
The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore. This compares to losses of Rs 392 crore a quarter ago and Rs 761 crore in the year-ago period
Bhavesh Gupta will continue reporting to Vijay Shekhar Sharma, managing director and chief executive officer of the company
This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations
The commission will be removed on orders fulfilled by the sellers where there are no complaints by the customers
Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year
How can Paytm turn cash positive? Are ceiling fans spinning in a new direction? Will auto stocks continue their ride in the fast lane? What is Kaladan Multimodal Project? All answers here
How can Paytm turn cash positive? Are ceiling fans spinning in a new direction? Will auto stocks continue their ride in the fast lane? What is Kaladan Multimodal Project? All answers here
Stock jumps nearly 5%; analysts see up to 70% upside
CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each
The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.
Stocks to Watch on May 8:Paytm's loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.
The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore
The merchant gross merchandise value (GMV) for the month grew 34 per cent to 1.27 lakh crore ($15.6 billion)
The company's payments services revenue grew by 41 per cent to Rs 1,467 crore in Q4FY23
Goldman Sachs expects Paytm to report revenue growth of 49 per cent on a year-on-year basis
Paytm on Tuesday offered an explanation to the Badrinath-Kedarnath Temple Committee saying it put up QR code display boards outside the gates of Kedarnath and Badrinath seeking donations from pilgrims as part of a contract with the BKTC in 2018. There was a formal agreement between the BKTC and Paytm in 2018 for putting up such boards outside the gates of the temples to get donations from pilgrims, BKTC media incharge Harish Gaud said. "Ever since then, small boards with Quick Response (QR) code have been put up outside these temples by Paytm. Rs 67 lakh have been received by the BKTC through these QR codes by way of donations," he said. However, Paytm did not take the permission from the competent BKTC authorities before putting up such boards which led to the confusion, he claimed. Paytm has apologised for its mistake to BKTC Chairman Ajendra Ajay, he said. Boards displaying QR codes seeking donations from pilgrims were put up outside the gates of Badrinath and Kedarnath without