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 survey further revealed that Paytm remains the preferred application for 58 per cent of the surveyed merchants, followed by 23 per cent for PhonePe, 12 per cent for Google Pay, and 3 per cent for BharatPe.
The development came days ahead of RBI's March 15 deadline to shut it's banking operations.
The shares of the Mutual Funds industry in the crisis-ridden Paytm has increased in January from the last month, showing confidence towards the fintech company.
Amid the various speculations over the future and operability of the FASTags, here are the answers to some of the key questions:
Jefferies Financial Group Inc has dropped coverage on Paytm-operator One 97 Communications Ltd until the news flow around the struggling Indian fintech major “settles down”.
