Paytm goes live with onboarding of new UPI users
This comes after the company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users.
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-ridden Paytm on Wednesday hinted at potential job cuts and plans to trim non-core assets following its first-ever decline in sales.
Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company's lending partners.
Data from the National Payments Corporation of India (NPCI) said it processed 1,117.13 million transactions in April, a 9 per cent month-on-month decline in volume from 1,230.04 million transactions handled in March.
Vijay Shekhar Sharma, Founder and CEO, Paytm, thanked Bhavesh Gupta for his contributions and his role in ensuring a smooth transition.
Paytm saw its worse after the Reserve Bank of India (RBI) put a ban over the operations of its payment bank services.
