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Paytm moved quickly to cut ties with the payments bank; Sharma resigned as chair of the bank’s board last week. Paytm is now trying to build relationships with third-party banks, like Axis Bank.
Paytm posted a net profit of 9.28 billion rupees, its first-ever since listing in 2021. But that was mostly due to a 13.45-billion-rupee gain on the sale of its ticketing business to food delivery ...
India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with ...
BENGALURU (Reuters) -India's Paytm plunged as much as 20% on Thursday, its steepest decline since listing two years ago, as the digital payments firm plans to give out fewer low-value personal ...
Paytm, one of India's first startups to go public, said its consolidated revenue rose 38% to 28.51 billion rupees, with the payments business contributing 61% to the total.
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [3] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [4] [5] [6] In 2021, the bank received a scheduled bank status from the RBI. [7] [8]
In March 2018, Paytm Money was started with an investment of ₹9 crore [42] [43] for investment and wealth management. [44] In May 2018, the Indian investigative news agency Cobrapost released a video of an undercover reporter meeting with Paytm's vice president, Ajay Shekhar Sharma who is the brother of Vijay Shekhar Sharma.
[13] [14] Three years later, in 2000, he started One97 Communications [15] which offered mobile content including news, cricket scores, ringtones, jokes and exam results. [14] One97 Communications Limited is the parent company of Paytm , a digital payments and financial services company that was launched by Sharma in 2010. [ 16 ]