Page 31 - Paytm

Paytm monthly transacting users surge to 89 mn, leads offline payments

Leading digital payments and financial services company Paytm on Monday announced its business operating performance for the two months ended February 2023

Flipkart co-founder Binny Bansal planning to invest $100-150 mn in PhonePe

PhonePe has a formidable market presence in the Indian digital payments space. The app leverages the Unified Payments Interface (UPI) like its other peers

Paytm inks pact with Andhra govt for initiatives in financial inclusion

Digital financial services firm One97 Communications that owns Paytm brand on Monday announced it has signed an agreement with the Andhra Pradesh government to drive initiatives in financial inclusion, public health, cyber security. The Memorandum of Understanding was inked on the sidelines of the Andhra Pradesh Global Investors Summit 2023. "The agreement aims to promote mutual cooperation in the areas of industrial development, financial inclusion, public health, cyber security and prevention of financial frauds in the state of Andhra Pradesh," according to a company release. Under the pact, Paytm plans to empower merchants, street vendors and street hawkers in Andhra Pradesh to accept digital payments and provide them access to loans through its lending partners. "Paytm plans to extend its platform to the government of Andhra Pradesh for providing eGovernment services, which will be conveniently accessible to all Paytm Super App users. Additionally, Paytm plans to empower variou

Paytm, Andhra govt tie up on financial inclusion, health and cyber security

Andhra depts will be empowered to accept digital payments from citizens and businesses. Toll plazas would accept payments digitally under a proposal from the company

Paytm signs MoU with Andhra govt to empower merchants, street vendors

Paytm plans to extend its platform for providing e-government services, which will be conveniently accessible to all Paytm Super App users

Paytm shareholding changes: Ant exceeds 25% mark, MFs increase their stake

The revised shareholding pattern shows that mutual funds have further increased their position since December 2022 from 1.73 per cent to 2.68 per cent

Paytm advances 5% on report that Sunil Mittal is eyeing stake in company

Meanwhile, Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, the Bloomberg reported

Top headlines: Modi, Scholz discuss ties; Ant Group to pare stake in Paytm

Business Standard brings you the top headlines at this hour

Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm

The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks

Telecom tycoon Sunil Mittal seeking a stake in Paytm, says report

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions

Paytm Payments Bank Limited (PPBL) on Wednesday said it has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small UPI transactions.

Paytm owner One 97 Communications completes share buyback worth Rs 850 cr

Digital financial services firm One97 Commuications, which operates under the Paytm brand, on Tuesday said it has completed buyback of shares worth Rs 849.83 crore at an average price of Rs 545.93 per share. The company bought back shares in the price range of Rs 702.65 to Rs 480.25 apiece, according to a regulatory filing. "The company bought back an aggregate of 1,55,66,746 equity shares utilising a total amount of Rs 849,83,39,982, which represents 99.98 per cent of the maximum buy-back size. The price at which equity shares were bough back was dependent on the price quoted on the stock exchanges," the company said. The Paytm board had approved buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital between December 21, 2022 to February 13. During the buyback period, Chinese e-commerce major Alibaba sold its entire direct stake in the company in two tranches. However, the company's group firm Ant Financial continues to

Is the worst over for new-age tech companies? Here's what analysts say

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

Alibaba exits Paytm, sells remaining 3.3% stake for Rs 1,378 crore

Over 22.8 million shares worth Rs 3,000 crore change hands in 15 blocks

China's Alibaba Group sells its entire remaining 3.4% stake in Paytm

At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January

Paytm launches G20-theme QR Code to celebrates India's presidency

One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency.

Paytm slips 9% intra-day as nearly 5% equity changes hands on NSE

Till 09:50 am; around 32.25 million equity shares, representing nearly 5 per cent of total equity of Paytm, had changed hands on the counter, data showed

Here's why Macquarie has double upgraded Paytm's stock to 'Outperform'

Following the upgrade, shares of Paytm surged 18.5 per cent to an intra-day high Rs 698 per share on the BSE on Wednesday

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%

This comes after the firm narrowed its net loss to Rs 392 cr in Q3 of FY23, from Rs 778.4 cr in Q3FY22, and expanded revenue from operations by 41.62% to Rs 2,062.2 cr