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
Paytm is India's payment Super App offering consumers and merchants most comprehensive payment services
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
Domestic institutional shareholding has grown from 1.9 per cent to 3.2 per cent with mutual funds (MFs) and alternate investment funds (AIFs) increasing their stake
Industry experts said fintech firms are looking for senior professionals adept at handling legal and compliance-related issues to support their operations
In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence
Firms says it has hit a new milestone in offline payments with 6.8 million devices deployed
The value of total loans disbursed by Paytm jumped 253% from Rs 3,553 crore in Q4FY22 to Rs 12,554 crore in Q4FY23
Paytm set to gain from interchange fee for merchant payment via wallets on UPI platform
Homegrown Paytm Payments Bank, the largest issuer of KYC wallets (prepaid instruments) with over 100 million users, on Monday announced that its full KYC wallet customers will be able to make payments
Move comes after NPCI announces KYC wallet interoperability
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RBI says firm can continue with its online payment aggregation business while it awaits Centre's nod for investments from its parent firm One97 Communication into Paytm Payments Services Ltd
Digital financial services firm One97 Communications, which owns the Paytm brand, on Friday announced the launch of its new technology platform built on 100 per cent indigenously developed technology. The company said the new platform can handle 10 times more payments traffic compared to its older platform. "Today by making sure that every component of our technology is made in-house, we have proved that India can build world-class technology software of scale. We have built a new operational risk system and fraud management from the ground up, catering to India's payments growth. "This platform will be able to scale to the next up to 10X payments in India. We are here to serve India with a technology made in India," Paytm founder and CEO Vijay Shekhar Sharma said in a statement.
Paytm UPI LITE brings single-click payments that never fail even when banks have success rate issues during peak transaction hours