Paytm to reapply for PA licence, leverage AI to scale biz: Sharma at AGM
Vijay Shekhar Sharma says the last six months were full of learning for the fintech; promises to move forward with a “compliance first business” approach
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Paytm shares surge 5% as FinMin approves investment in payment arm
Following this approval, Paytm Payments Services (PPSL) will resubmit its application for a payment aggregator licence to the Reserve Bank of India (RBI).
‘Not new development’: Paytm clarifies on SEBI notice reports; shares up 2%
SEBI issued a notice to Vijay Shekhar Sharma and others about certain classifications in its 2021 IPO. Paytm said it’s in compliance with rules
Paytm shares surge 5% after ₹2,048-cr deal with Zomato
Acquisition of Paytm's movie and events ticketing business will allow Zomato to expand in 'going-out' segment, while Paytm to shift focus on core financial services
Zomato to acquire Paytm's entertainment ticketing arm for ₹2,048 cr
As part of the deal, Paytm will transfer its ticketing businesses, TicketNew and Insider, along with 280 existing employees, to Zomato.
Paytm launches NFC Card Soundbox; stock surges for 2nd day straight
The new payment device combines NFC technology with mobile QR payments, which will also work as a device for card payments to offline merchants
Paytm shares jump 10% on investment approval
Shares of Paytm parent One 97 Communications hit a high of ₹508.85 on the BSE.
Paytm Q1 loss widens to ₹840 cr, revenue down 36%
Fintech major says payments biz was impacted by disruption of PPBL; expects revenue and profitability to improve going forward
Paytm receives SEBI warning over unapproved transactions
“The excess related party transactions entered into by the company with PPBL during the FY 2021-22 is without due approval of either the audit committee or the shareholders,” read the SEBI letter.
Paytm collaborates with Skyscanner, Google Flights, and Wego
This initiative is part of Paytm's broader strategy to expand its market share in online travel services.
