Paytm’s stellar performance — operating profitability target met, revenue surges to ₹2,062 Cr
- Reports EBITDA before ESOP cost profitability of ₹31 crore
- Contribution profit of ₹1,048 Cr (up 131% YoY) with margin improving to 51% vs 31% YoY; driven by growth in payment profitability and high margin loan distribution business
- Improvement in payment profitability with net payment margin at ₹459 Cr (up 120% YoY)
Google pilots 'Soundpod by Google Pay' for UPI payments in India
The search giant is piloting a soundbox of its own in the country to alert sellers of confirmations for Unified Payments Interface (UPI)-based payments, reports TechCrunch.
Jan 18, 2023, 08:18 AM IST
Folk artiste in Hyderabad takes donations by attaching Paytm QR code to his bull’s head.
Innovative use of Paytm: Folk artiste in Hyderabad attaches QR code to bull's head for donations.
Jan 16, 2023, 12:24 PM IST
Cheers for Paytm shareholders as Alibaba consolidates India exit after selling stock in BigBasket, Zomato, Paytm
Alibaba seems to be making an exit from India as it has sold shares in other investments such as BigBasket and Zomato, sources said, adding that Ant Financial is not going to sell anytime soon.
Jan 13, 2023, 11:26 AM IST
From BofA to ICICI Securities, analysts expect a strong Q3 for Paytm with reduction in adj EBITDA losses
Paytm’s strong business model with a two-sided ecosystem for consumers and merchants is set to yield even better results
Jan 10, 2023, 11:26 AM IST
Paytm Payments Bank appoints MD and CEO post RBI nod
"Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO).
Jan 08, 2023, 21:11 PM IST
Paytm offers loans upto Rs 5 lakhs; Here's step-by-step guide to take it in few clicks
Dec 30, 2022, 17:30 PM IST
Paytm’s Rs 850-cr share buyback at 50% premium to support stock in near-term; JP Morgan, Morgan Stanley see up to 104% upside
JP Morgan remains upbeat on Paytm, saying in its note that "the buyback announcement at a 50% premium to provide support to the stock price in the near term". The brokerage kept its price target unchanged at Rs 1,100 per share, and reiterated 'overweight' rating on the stock.
Dec 14, 2022, 18:00 PM IST
Paytm shares to remain in focus today, 14 December 2022 --Here's the reason
Paytm has opted for the open market route through the stock exchange method for the buyback programme and expects the process to be completed within a maximum period of six months, the company said in a regulatory filing.
Experts cheer Paytm buyback, say it shows co’s ability for growth
Even as the markets await the details of the proposed buyback of digital payments and financial services giant Paytm, investors and analysts have cheered the move. The stock is up 22% in the past 3 weeks and 6% since Thursday, when it informed the exchanges about the proposed buyback.
Dec 12, 2022, 17:13 PM IST
Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past
Paytm's announcement has been welcomed by investors and analysts as the company`s stock surged sharply during Friday's trading session.
Dec 10, 2022, 19:41 PM IST
UPI Money Tranfer: Sent money to wrong UPI using PhonePe, GPay, Paytm? Here's how to get it back
India's Digital Payment ecosystem has thrived a lot in the past few years. Since demonetisation in 2016, digital payments have shot up to break all records. India recorded over 23 billion digital transactions worth over Rs 38 lakh crore in the third quarter of FY23. The UPI-related digital payment transactions number stood at over 19.65 billion in volume and Rs 32.5 lakh crore in terms of value. The recent report on Digital Payments showed that UPI transactions have almost doubled since 2021. The top three UPI apps used widely by Indians are PhonePe, Google Pay and Paytm.
Dec 06, 2022, 12:54 PM IST
From digital 'shagun' at weddings to digital donations - Unique use cases for PayTM go viral on social media
“शादी में डिजिटल शगुन, Digital India का विस्तार", tweeted the union minister along with the video. The caption translates to, “Digital Shagun in marriage, expansion of Digital India.
Dec 05, 2022, 16:12 PM IST
Stocks in Focus: From SBI Cards to EID Parry to Paytm, 7 stocks to bet on next week; Check target price, stop loss
The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.
Dec 04, 2022, 13:52 PM IST
RBI asks Paytm to re-submit application for onboarding online merchants, Firm denies any material impact on business and revenue
Paytm further said there were no material observations from RBI and the move has no material impact on its business and revenues since the communication from the central bank is applicable only to onboarding of new online merchants.
Nov 26, 2022, 12:26 PM IST
No unlimited transaction on UPI payment apps? PayTm says THIS on UPI market cap
Paytm Payments Bank Spokesperson said the proposed implementation of UPI market capping will be hugely beneficial for the UPI ecosystem.
Nov 23, 2022, 14:25 PM IST
PayTm's parent firm One97 Communication shares tumble by 10% post Softbank announcement -- Details Inside
Japan-based Softbank has started the process to sell a 4.5 per cent stake in the company in a block deal.
Nov 17, 2022, 13:48 PM IST
10 highlights from Paytm’s Q2FY23 results — Fintech giant shows signs of profitability with stronger monetisation
Paytm recently announced its Q2FY23 results and posted revenue growth of 76% with strong momentum in payments and financial services.
Nov 11, 2022, 14:00 PM IST
Paytm revenue increases by 76%, loss widens to Rs 594 crore in Q2
The company had posted a loss of Rs 481 crore in the same period a year ago, Paytm said in its regulatory filing.
Nov 08, 2022, 11:07 AM IST
Paytm annualised run rate of loan disbursals touches Rs 34,000 crore in September
The value of loans disbursed through Paytm grew close to six times to Rs 7,313 crore, from Rs 1,257 crore in the September 2021 quarter.
Oct 10, 2022, 14:12 PM IST
