In the offline payments business, Paytm had 32 lakh devices deployed in stores as of April 2022, up from 9 lakh as of April 2021. User engagement on Paytm's super app rises 44% YoY.
Vijay Shekhar Sharma says the digital payments firm is aiming to be operationally profitable by September next year.
Vijay Shekhar Sharma purportedly fled the scene soon after his Land Rover hit Delhi DCP's vehicle.
Stock option costs expected to erode P&L amid an already weak business model.
Paytm Canada App will be shutting down permanently from March 14; scheduled payments and top-ups for Paytm Cash have already been disabled.
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.
Paytm has become synonymous with cashless payments in India. Its QR code stickers are omnipresent—from high-end stores to roadside ramshackle stalls. This shows how it has indented Indian commerce.
Warren Buffett’s Berkshire Hathaway is likely to double its investment in Paytm if the fintech’s parent, One97 Communications, is valued at $21.5 billion.
Paytm is rallying Indian developers for its mini app store in a bid to challenge Google’s dominance in the market. It also fits squarely into its plans of being a super app. Will it succeed?
2020 was the year of disruption. But it also underlined the resilience of Indian enterprise. The January 2021 issue, therefore, chronicles some of the past year’s game-changing corporate events.
