May 26, 2024 00:03 (IST)
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Reserve Bank of India bars Paytm Payments Bank Ltd from performing certain actions after February 29, know details

The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.

SoftBank offloads 2% stake in Paytm for Rs 980 cr

Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.

Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr

Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.

Paytm fires 1,000 employees days after announcing to hire 50,000 people

Mumbai/IBNS: India's multinational fintech company Paytm has fired 1,000 employees days after announcing the hiring of 50,000 people, media reports said.

Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr

Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.

Paytm won't need funding in the near future: CEO Madhur Deora

Mumbai: Fintech company Paytm has said that it will not need funding in the near future as the firm has a cash balance of Rs 8,300 crore and it is confident of becoming sustainable due to the free cash flow, media reports said.

Startup ecosystem creation: Paytm inks MoU with Arunachal Pradesh

Paytm Payment Services Limited recently signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to initiate a startup ecosystem for the youth of the northeastern state.

Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May

India’s leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023.

Paytm promotes Bhavesh Gupta as president and COO

Mumbai: In a move to bolster its lending operations amidst growing competition in the digital lending sector, Paytm has promoted Bhavesh Gupta, a key executive in its lending division, to the position of President and Chief Operating Officer (COO).

SoftBank offloads 2% stake in Paytm parent One97 Communications

Multinational investment firm SoftBank Thursday communicated to the bourses that it has offloaded a little more than 2 percent stake in One97 Communications Limited, the parent company of Paytm, in compliance with the SEBI regulations, Moneycontrol reports said.

Paytm Payments Bank announces next gen features like UPI Lite

Kolkata: Paytm Payments Bank has announced a slew of new launches for Paytm UPI.

Paytm UPI LITE active on these 10 banks

India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE.

China's Alibaba offloads entire stake in Paytm

Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.

Paytm and HDFC ERGO launch ‘Payment Protect’ a one-of-a-kind bite-size insurance policy to protect mobile transactions up to Rs 10,000

Kolkata: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments in India, has launched ‘Paytm Payment Protect’, a group insurance plan in association with HDFC ERGO General Insurance, a leading general insurance company of India, to insure transactions made through UPI across all apps and wallets.

NPCI extends 30 pc UPI volume cap deadline for payment firms by 1 yr

New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.