The company said the new platform can handle 10 times more payments traffic compared to its older platform
With this deal, Alibaba has sold entire direct stake in the company. Alibaba had 6.26 per cent direct stake in Paytm as of December 2022
As per the report, apna saw around 80 per cent increase in the number of new women users on its platform
The voting on the agenda will commence in the morning of February 22 and close on the evening of February 23
Its revenue from operations jumped about 42 per cent to Rs 2,062.2 crore during the quarter from Rs 1,456.1 crore in the year-ago period
So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI
During the buyback period, Chinese e-commerce major Alibaba sold its entire direct stake in the company in two tranches
However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company
According to a regulatory filing, One97 Communications Ltd, which operates Paytm, disbursed 3.7 million loans worth Rs 3,665 crore in December, up 330 per cent...
Before joining PPBL, Chawla was working with RBL Bank, where he served as Head - Branch Banking and focused on expanding the CASA base, fee revenue, and...
Earlier this year, Paytm had transferred its title sponsorship rights for Indian cricket's home season to Mastercard.
Paytm's share buyback will be executed via the open market route through the stock exchange method within a period of six months.
One 97 Communications Limited (OCL) had listed itself at an initial public offering (IPO) price of Rs 2,150, which was trading at around 75 per cent lesser...
The value of loans disbursed through Paytm grew by over four-fold on year-over-year (y-o-y) basis to Rs 6,292 crore in November from Rs 1,328 crore
Sources said Paytm in all probability will use its pre-IPO cash reserves for the buyback and in the near future, it will start using the generated cash flow...
Paytm Share Buyback: As per a Bombay Stock Exchange (BSE) filing, Paytm’s board will meet on December 13, 2022 and consider a proposal for share buyback.
While increasing regulation can be a cause of uncertainty, there are several ways in which the fintech can leverage its existing merchant base
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Reserve Bank of India said Paytm Payments Services is required to re-submit its PA application within 120 calendar days
The stock dipped 2.23 per cent to Rs 527.50 during the day on the BSE. But it recovered all the lost ground and ended at Rs 546.30 apiece, higher by 1.25 per...
The Japanese investor sold 2.9 crore shares in the company at Rs 601.45 apiece, at a discount of 7 per cent to the current market price, according to a reports
On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period
On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been...
While sharing Paytm performance matrix for the month of October, Sharma in a letter to shareholders said that the company is scaling up lending business which...
The stock dipped 1.30 per cent to end at Rs 643.45 apiece on the BSE
One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023
