
Paytm launches 'Card Soundbox' to allow both QR & card payments
The company aims to solve two problems for merchants — accepting card payments along with getting instant audio alerts for all payments
The company aims to solve two problems for merchants — accepting card payments along with getting instant audio alerts for all payments
Alibaba Group subsidiary Antfin is looking to sell 3.6% stake in Paytm through a block deal today at a floor price of ₹880.10 per share.
Bernstein has also revised the target price of Paytm to ₹1,100 per share, a potential upside of 31% from its current market price.
Paytm founder and CEO Vijay Shekhar Sharma will acquire 10.30% stake in the company from Antfin, via his 100% owned overseas entity, Resilient Asset Management B.V.
The fintech company reported merchant payment volume growth of 39% YoY to ₹1.47 lakh crore in the month of July.
In Q1 FY24, Paytm’s consolidated net loss stood at ₹357 crore compared to loss of ₹644 crore in the corresponding period last year and ₹168 crore in the March quarter of FY23.
SoftBank Vision Fund L.P., an arm of SoftBank, has offloaded 2.01% shares in One97 Communications, bringing down its stake to 9.15%.
The fintech company disbursed ₹5,502 crore loans in May through Paytm platform, while for quarter to date (for April & May 2023) it stood at ₹9,618 crore.
SVF India Holdings (Cayman)Ltd, a SoftBank arm, sold a 2.07% stake in Paytm between February 10 to May 8, 2023.
The net loss of the fintech major dropped to ₹168.4 crore in Q4FY23, against a loss of ₹761.4 crore in the same period of the previous year.