Paytm

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

Paytm said that there would be no direct financial impact on One 97 Communications, noting that its investment in Paytm Payments Bank had already been fully impaired as of March 31, 2024.

The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, effective April 24. The central bank cited violations of the Banking Regulation Act, including mismanagement and failure to protect depositor interests. The RBI will initiate winding-up proceedings, assuring depositors of full repayment.

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Gurgaon's Deputy Commissioner Ajay Kumar assured residents that essential supplies, including LPG, are stable and urged them to disregard rumours of shortages. Enforcement teams have intensified checks, seizing illegally stored cylinders and registering FIRs to prevent hoarding and black marketing. Officials confirmed normal domestic cylinder supplies and advised against panic booking.

Digital payments and financial services firm Paytm has given time till September 22 to its employees to decide on converting their stock options ahead of the company's Rs 16,600 crore-IPO planned to be launched in October, according to sources aware of the development.

Digital payments and financial services firm Paytm on Monday reported over two-fold rise in its gross merchandise value to about Rs 1,66,600 crore in the first two months of the third quarter of this fiscal, driven by sharp uptick in loan disbursals.

Digital financial services firm Paytm on Thursday said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company's liquidity position which may be beneficial for its shareholders.

Social media platform Twitter has added Paytm Payments Services as one of the payment gateway for carrying out Tips transactions, a joint statement said on Wednesday.

Shares of Paytm's parent company One97 Communications continued to rally for the second consecutive day on Wednesday and further jumped over 17 per cent.

Digital payments and financial firm Paytm on Thursday announced that its wholly-owned subsidiary, Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.

Digital payments and financial services firm Paytm on Monday received approval of shareholders for the country's biggest public offer of Rs 16,600 crore, according to a source aware of the EGM outcome.

Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source.

Paytm founder Vijay Shekhar Sharma said the company is aiming to on-board 10 million new merchants, taking the total tally to 26 million by the end of the year as the mobile payments major continues to double down despite industry worries over zero merchant discount rate (MDR).