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However, that is still below Paytm's current price of about 727 rupees. And despite the near 6% jump on the day, the stock is still down about 4.5% since the RBI clampdown on Jan. 31.
Paytm (an acronym for "pay ... 9.3% below the upper band of the IPO price range, and closed down more than 27% at ... live entertainment shows and sports games online ...
The company's initial share sale aimed to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing it at ₹1.39 trillion. [32] The company's IPO was subscribed 18% on the first day, having received bids for 8.742 million shares against the total issue size of 48.4 million shares.
The PhonePe app, based on the Unified Payments Interface, went live in August 2016. [9] [10] The PhonePe app is accessible in 11 Indian languages. [11] It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments, conducting in-store payments. [12] [13]
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]
To de-risk online sales from food aggregators Zomato and Swiggy, Domino's gone live on ONDC in National Capital Region. [164] On 30 January 2024, the platform integration was finished and other cities will go live in phase manner. [165] Rebel Foods, a cloud kitchen, expanded its EatSure direct-to-consumer (D2C) platform to ONDC. [166]
Vijay Shekhar Sharma (born 7 June 1978) is an Indian technology entrepreneur, multimillionaire and business magnate. He is the founder and chief executive officer of One97 Communications founded in 1997 and its consumer brand Paytm which he started in 2010.
The largest share in $2 trillion of annual digital payment in India comes from UPI. [101] The Q2 of 2022 saw 20.57 billion transactions worth ₹36.08 trillion as per Worldline SA . P2P accounted for 49% in volume and 67% in value while P2M accounted for 34% in volume and 17% in value. [ 102 ]