Paytm launches UPI statement download service
Paytm on Wednesday has announced the launch of a new UPI statement download service.
Paytm on Wednesday has announced the launch of a new UPI statement download service.
This comes after the company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users.
Vijay Shekhar Sharma, founder and Chief Executive Officer (CEO) of Paytm, said on Thursday that the company would focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon".
According to multiple reports citing sources, the SEBI notices also allege non-compliance with promoter classification norms.
The Markets regulator, the Securities and Exchange Board of India (SEBI), will not allow Paytm-like 'contamination' in the stock markets, its Chairperson Madhabi Puri Buch said on Tuesday.
Parent company of fintech giant Paytm, One97 Communications, on Friday reported that its consolidated loss had widened to Rs 840.1 crore for the quarter ended June 30, 2024 (Q1FY25).
The crisis for the fintech giant Paytm mounted as the markets regulator gave an administrative warning to the digital payments company for certain transactions with its banking unit in the fiscal year 2021-22.
Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test.
Online food delivery platform Zomato is in advanced discussions to buy Paytm's movie ticketing and events business, according to multiple reports.
"One97 Communications Limited (OCL) is providing outplacement support to employees which have resigned as a part of the restructuring efforts by the company,” the company said in a statement.
