Paytm gets govt panel's approval to receive China-linked investments for its payments arm: Report
Mumbai: Paytm, which has been struggling after RBI’s operational restrictions on its payments arm Paytm Payment Bank, has received approval from a government panel overseeing China-related investments to inject 500 million rupees ($6 million) into a significant subsidiary, media report.
Paytm employees allege forced resignations; company rejects allegations
Mumbai: Several Paytm employees are on the verge of losing their jobs, with some staff members unsuccessfully negotiating for a pay cut instead, according to The Times of India.
Paytm, Adani Group quash report claiming Gautam Adani stake talks with Vijay Shekhar Sharma
New Delhi/IBNS: Both Adani Group and Paytm on Wednesday dismissed recent media reports claiming Gautam Adani was likely in talks with Vijay Shekhar Sharma, the founder chairman and managing director of Paytm's parent company One97 Communications, to acquire stake in the Indian fintech major.
Paytm CEO expects near-term financial impact due to disruptions in Q4, hints at AI-driven job cuts
New Delhi/IBNS: Hinting at the likelihood of Artificial Intelligence (AI)-driven layoffs in the future, Paytm CEO Vijay Shekhar Sharma, in a letter to shareholders on Wednesday (May 22), said that the fintech company will focus on its core businesses and improve cost efficiencies to create a leaner organization.
Paytm Q4FY24 loss widens to Rs 550 cr YoY; FY24 increases 25%
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
Paytm CBOs Bipin Kaul, Ajay Singh resign as company takes up restructuring: Report
Noida: Ahead of Paytm’s announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.
Paytm COO Bhavesh Gupta steps down citing personal reasons
Mumbai: Digital payments and financial services company Paytm announced the exit of its Chief Operating Officer and President Bhavesh Gupta in an official filing to regulatory authorities on May 4.
Paytm starts migrating its users to PSP banks
Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.
Mutual Funds, foreign portfolio investors increase stake in Paytm
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Paytm Payments Bank releases FAQs on FASTag refunds, minimum balance
Mumbai: Paytm Payments Bank Ltd (PPBL), on Friday, released a set of frequently asked questions (FAQs) for its customers, explaining the process for obtaining refunds for security deposits and minimum balances in FASTag accounts, media reports said.
Paytm gets third-party app license from NPCI
New Delhi: Paytm, officially known as One 97 Communications, was granted a third-party application provider license by the Nation's Payments Authority of India (NPCI), media reports said.
Paytm Payments Bank likely to lay off employees amid uncertainty after RBI restrictions: Report
Mumbai: Paytm Payments Bank Limited (PPBL) may cut down its workforce by around 20 percent due to uncertainty about the bank's future, Reuters reported.
Paytm FASTag users must procure tag from another bank by Mar 15: NHAI
New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.