[ad_1] One 97 Communications Ltd. has built a formidable payment business with large customer and merchant bases and market-leading infrastructure, according to UBS Research. The research firm has initiated a…
Tag: Paytm
Layoffs at Paytm after deployment of AI solutions to boost efficiency; stock dips
[ad_1] Paytm parent One97 Communications Ltd. shares fell 2% in the early morning trade today after reports of the fintech major laying off a significant number of employees across departments…
Stocks in focus: Paytm, Cello World, KPI Green Energy, Wipro and more
[ad_1] The domestic equity market closed lower on Friday. Sensex fell 48 points to end the session at 65,970 and Nifty lost 7 points to settle at 19,794. Here’s…
India’s assault on unsecured loans hits Paytm and other fintech companies
[ad_1] India’s central bank has moved to curb rising stress in the burgeoning market for unsecured consumer loans, hitting fintech lenders such as Paytm who had been increasingly relying on…
Sharp downgrades likely to keep Paytm stock under pressure in market
[ad_1] In a presentation, One97 Communications (Paytm) announced that it is going to cut back on loan distribution for small-ticket ‘postpaid’ loans as a prudential measure. This decision follows the…
India’s Paytm gets Q2 results boost from strong loan growth
[ad_1] A QR code of Paytm is seen at a mobile repairing shop in Kolkata, India, November 9, 2021. REUTERS/Rupak De Chowdhuri/File photo Acquire Licensing Rights BENGALURU, Oct 20 (Reuters)…
Paytm Payments Bank ‘at farms length’ from One97, don’t need incremental customers for credit business growth: Vijay Shekhar Sharma
[ad_1] Paytm Payments Bank Ltd and One97 Communications Ltd (OCL) are two different companies which operate not just at arm’s length but “at farms” length, a top official of Paytm…
Paytm Q2 loss narrows to ₹290 cr; revenue rises 32%
[ad_1] As per the company, the payment business continues to scale led by increase in GMV and higher subscription revenue. In Q2 FY 2024, payments revenue grew by 28% YoY…