News

The Reserve Bank’s action against Paytm Payments Bank follows a comprehensive system audit report

The Board of Paytm approved the termination of agreements and amendment of SHA on March 1, 2024

The company has partnered with GHMC to deploy 400 Card Machines for Property Tax Collection

Further, the Board of Directors of PCTL has approved a subscription amount of AED 8 million for acquisition of 80,000 equity shares of AED 100 each at par, of Paytm Arab

Post consummation of the transaction, Seven Technology LLC and Dinie will become associate entities of the company

Paytm will provide its Soundbox and card machines to RBL Bank’s merchant partners, providing them with easy-to-use and efficient payment solutions

A Krishi Mandi is a marketplace, part of a state’s Agricultural Marketing Board, for facilitating trade of agricultural produce from farmers

With a powerful 3-watt speaker, the device delivers clear voice confirmations, enabling merchants to instantly verify payments and reduce errors

Its merchant subscriptions stood at 82 lakhs, with 41 lakh new subscriptions over the year

With this, the company empowers merchants to accept both mobile and card payments

The value of loan disbursed through Paytm grew over 2.5 times to Rs 14,845 crore, from Rs 5,554 crore a year ago

Its leadership in offline payments strengthens with 75 lakh devices deployed

Merchant loans, which are given to MSME as business loans, will continue to be a focus for Paytm

Total consolidated income of the company increased by 39.57% to Rs 2140.20 crore for Q3FY23

Consumer engagement is at its highest on Paytm Super-App with average MTU at 78.8 million for the two months ended August 2022

On closing of this transaction, Mr. Sharma’s shareholding in Paytm (direct and indirect) will increase to 19.42%

The transaction is expected to be closed in December 2024

Consolidated total income of the company decreased by 10.98% at Rs 2,135.30 crore for Q4FY25

Total consolidated income of the company increased by 87.93% at Rs 1,781.60 crore for Q1FY23

Total consolidated income of the company increased by 49.51% at Rs 2464.60 crore for Q4FY23

Total consolidated income of the company increased by 77.49% at Rs 2013.60 crore for Q2FY23

Its merchant payment volumes for the quarter ended December 2022 stood at Rs 3.46 lakh crore ($42 billion), y-o-y growth of 38%

To enable ALT ID transactions, Paytm has integrated with card networks to generate alternate ID for guest checkout transactions

This partnership will expand Paytm’s loan distribution business, supported by Piramal Finance’s wide network of over 300 branches across India

This integration reinforces Paytm Travel’s position as a comprehensive solution for travel needs

The company will make the investment over a period of time and will seek requisite approvals for the same

Consumer engagement is at its highest on Paytm Super-App with average MTU at 79.7 million

Offline payments leadership strengthens with total number of devices deployed around at 3.8 million

The company has reported growth in total merchant GMV by 63% to an aggregated value of Rs 3.18 lakh crore on a year-on-year basis

Leadership in offline payments strengthens with merchants paying subscription for payment devices exceeding 5.5 million

These SARs, acquired by Paytm Singapore in September, 2020, sold to a SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion

This action is based on the deficiencies in regulatory compliance

At the maximum buyback price and the maximum buyback size, the indicative maximum number of equity shares bought back would be 10,493,827

Its subscription devices like Soundbox and POS machines continue to see increased acceptance by merchants

Consumer engagement is at its highest on Paytm Super-App with average monthly transacting users at 84.0 million for the month of October 2022

YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL

This partnership brings together Paytm’s extensive user base and Amadeus’ expertise to provide travellers with a more seamless and efficient booking experience

With this partnership, Paytm will enable consumers to make digital payments seamlessly at Samsung Authorized stores spread across the country

This arrangement is expected to seamlessly replace the nodal account that OCL was using with Paytm Payments Bank

Under RBI’s guidance, Paytm Payments Bank will display all agent institutions onboard on its website

Paytm Company will work towards expansion and distribution of Paytm’s technology led digital payments stack in Saudi Arabia

On May 30, Sharma bought 1,00,552 shares worth Rs 6.31 crore

The development comes immediately after the lock-in period for Paytm’s investors to trade shares ended

The JanNivesh SIP initiative is aimed at empowering citizens to contribute towards India’s financial and economic growth

The next-generation co-branded card redefines the credit card experience by offering exceptional rewards and benefits for its users

With this, Paytm continues to support merchants, promote financial inclusion, and drive sustainable practices across the country

Total consolidated income of the company increased by 40.13% at Rs 2999.10 crore for Q3FY24

Total consolidated income of the company decreased by 32.76% at Rs 208.50 crore for Q3FY25

RBI’s Card-on-file tokenization mandate requires all online platforms to comply with the new initiative and make digital payments secure for citizens

Consolidated total income of the company decreased by 31.12% at Rs 1,834.00 crore for Q2FY25

The total consolidated income of the company increased by 31.71% at Rs 2,158.90 crore for Q1FY26

With this, Xceed ceased to be a step-down subsidiary of the Company

Total consolidated income of the company increased by 38.31% at Rs 2464.20 crore for Q1FY24

Paytm has reported a narrowing of loss to Rs 358.4 crore in the first quarter ended June 30, 2023

With this, the company has taken another step towards ‘Atmanirbhar Bharat’ to promote digital payments in the country

Payments of up to Rs 500 can be made per transaction, with a daily limit of Rs 2000, making it ideal for recurring daily payments

This collaboration marks a major step toward integrating AI-driven intelligence into mobile payments

This widget enables seamless and faster payment collection directly from the home screen

With this partnership, the two brands are coming together to augment digital financial services including distribution of credit