Page 9 - Paytm

Paytm focusing on consumer payments business: CEO Vijay Shekhar Sharma

Fintech firm Paytm's immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday. The RBI had restricted Paytm Payments Bank from accepting deposits or facilitating credit transactions in customer accounts, including prepaid instruments and wallets. In August, Paytm sold its ticketing business to foodtech company Zomato for Rs 2,048 crore to sharpen its focus on core operations payments and financial services distribution. "Payments remain our primary business, and the merchant side continues to be strong. However, we lost a significant consumer base due to regulatory constraints. Moving forward, we aim to reinvest in the consumer payments business area," Paytm CEO Vijay Shekhar Sharma said during an interactive session organised by the Calcutta Chapter of Young Indians, the youth wing of the Confederation of Indian Industry (CII). Consumer payments encompass

Paytm appoints DS Rathore as CTO, outgoing executive named 'AI Fellow'

The Noida-based company's outgoing CTO Manmeet Singh Dhody has been 'transitioned' to a new role as AI (artificial intelligence) fellow of the fintech major

Can live events become the next big growth driver for Swiggy, Zomato?

Swiggy eyes expansion in India's booming Rs 10,400 crore live events market, while Zomato has also entered the live events market through its recent acquisition of Paytm Insider

Paytm shares rise 3% after Emkay upgrade to 'Add', doubles target price

The surge in the Paytm stock was fueled by domestic brokerage Emkay's upgrade to 'Add' from 'Reduce.'

NPCI considers easing UPI market share cap amid enforcement challenges

NPCI is considering increasing the allowable market share to to over 40% from the previously proposed 30% cap

Paytm to focus on core business; deliver profitability soon: CEO Sharma

Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues

Paytm to reapply for RBI's payment aggregator licence post govt approval

The announcement comes shortly after PPSL, a subsidiary of Paytm, secured approval from the Ministry of Finance to invest further in its payment services business

Paytm surges 9%, hits over 7-month high on heavy volumes; up 34% in 1 month

In nine trading days since August 29, the market price of Paytm has rallied 28% after Paytm Payment Services received FDI approval. It will also resubmit its payment aggregator licence application.

Paytm surges 13% on heavy volumes; stock zooms 101% from May low

Paytm share price today: Paytm share has doubled, zooming 101 per cent, from its 52-week low of Rs 310, touched on May 9, 2024.

Paytm Payments gets govt nod; can now resubmit its PA application

The company said that, in the meantime, PPSL will continue to provide online payment aggregation services to existing partners.

Paytm gets govt approval for downstream investment in payments arm PPSL

Fintech firm One97 Communications -- the owner of Paytm brand -- has received the government's approval for downstream investment in wholly owned subsidiary Paytm Payments Services Ltd, a regulatory filing said on Wednesday. The company will reapply for a payment aggregator (PA) licence, it said. "We would like to inform you that PPSL has received approval from the Government of India, Ministry of Finance, Department of Financial Services, vide its letter dated August 27, 2024, for downstream investment from the Company into PPSL. With this approval in place, PPSL will proceed to resubmit its PA application. In the meantime, PPSL will continue to provide online payment aggregation services to existing partners," Paytm filing said. The Reserve Bank of India (RBI) had rejected Paytm's PA licence permit application in November 2022 and instructed the company to reapply with Press Note 3 compliance under foreign direct investment norms. As per Press Note 3, the government had made its

Zomato completes acquisition of Paytm's entertainment ticketing biz

The new business will be spun off into a separate going-out app, District, in the coming few weeks

Stocks to Watch, Aug 27: Medi Assist, Bondada, Paytm, Repro India, Mazagon

Stocks to Watch Today, Aug 27: Bondada Engineering has received a Letter of Award for a project worth Rs 575.74 crore from Lumina Clean Energy, Purelight Energy, and VVKR Photovoltaics Energy

Paytm seeks Sebi settlement over potential ESOP issuance norms violation

Regulator had slapped show-cause notice for potential violation of allotment norms

Paytm shares sink 9% on reports of Sebi's show cause notice to Vijay Sharma

Shares of One 97 Communications plunged 8.88 per cent at Rs 505.25 per share on the BSE after reports emerged that the company's Founder, Vijay Shekhar Sharma has been served show cause notice by Sebi

Did Zomato pull a 'Blinkit' with Paytm's ticketing biz buy? Analysts weigh

Zomato, Paytm share price today: Zomato share price rose 2.7 per cent to Rs 267 in the intraday trade after its Board approved to acquire Paytm's entertainment, ticketing business

Zomato, paytm shares jump after Paytm ticketing biz deal

Shares of Zomato and One97 Communications jumped on August 22, following the announcement by Paytm that it is selling its entertainment ticketing business to Zomato. Watch the video to know more.

Paytm to sell its entertainment, ticketing biz for Rs 2,048 crore to Zomato

This comes as the company refocuses on its core payments and financial services business

Paytm to cut remuneration of its board members, cap annual pay at Rs 48L

Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores

Paytm up 5% on sale of entertainment biz; stock zooms 95% from 52-week low

With a strong focus on long-term value creation, Paytm's management said it remains confident of substituting the revenues from its entertainment ticketing business by expanding its core business.