The Indian Multinational technology company, owned by One97 Communications, is a digital payment platform that also specializes in e-commerce and finance. It provides an easy gateway for online transfer of money along with services like bill payments More
Paytm seems to have gained strength after the golden crossover in second half of May 2023, with 50-day EMA crossing 200-day EMA on the higher side, which is generally considered as a positive sign and the stock can get into momentum
Paytm has broken out of a IH&S pattern
The money raised will be transferred into the bank account of Odisha Chief Minister's Relief Fund, Paytm stated.
Number of merchants paying subscription for payment devices has reached 75 lakh as of May 2023, an increase of 4 lakh devices in the month.
The total amount raised through initial public offerings stood at Rs 52,116 crore in FY23, of which LIC alone was Rs 21,000 crore
The report highlighted that the cost-cutting measures resulted in reduced growth rates of 15-30 percent for startups, compared to their previous growth rate of 60-80 percent.
Razorpay claims that Turbo UPI can help businesses achieve a significant increase in the success rate of UPI payments by up to 10 percent.
This move into the wealth tech sector comes at a time when the retail investor base has been growing rapidly.
A new version of the ONDC specs and network agreements is in the works to improve order tracking, provide more order fulfillment options, such as in-store pick-up for customers, and automate the grievance redressal process to a greater extent.
Currently, One97 Communications owns a 49 percent stake in PPBL and Vijay Shekhar Sharma holds the rest of the stake in the digital financial services firm
Sameer Nigam, the CEO of another IAMAI member company PhonePe has hit back at those opposing IAMAI's views on the matter, terming them as opportunistic.
This move aims to expand access to credit and foster financial inclusion by bringing ‘new to credit’ users into the formal economy.
Gupta, previously Senior Vice President at Paytm, will now be responsible to lead verticals of lending, insurance, payments–online and offline, consumer payments and drive key initiatives including user growth, operations risk, fraud risk and compliance
The man, who was identified as 40-year-old Ramesh Kumar Raja, said that the person on the call claimed he knew Raja and over two UPI transactions, took Rs 20,000 from him.
Co-founder and chief executive officer Anshoo Sharma says ONDC could be an inflection point for the hyperlocal commerce platform
Post the sale, SoftBank will have around 11.17% stake left in Paytm which is around 70,809,082 shares.
In this edition of Moneycontrol Alpha, N Mahalakshmi talks about why Paytm is seeing renewed optimism and whether the rally will sustain. Moneycontrol Alpha tracks the risk-reward in equity markets by putting the spotlight on keys data points, developing trends and stock action.
Paytm narrowed its consolidated net loss in Q4 with an increase in gross merchandise value and higher merchant subscription revenues. Watch the management explain the company's quarterly performance and roadmap ahead only on Moneycontrol.
The company narrowed its consolidated net loss to Rs 168 crore from Rs 761 crore in the year-ago period. Consistent execution on profitability will keep the company on track to tap an attractive profit pool, says JPMorgan
In this episode of Market Minutes, Shailaja Mohapatra talks about Friday's Wall Street rally led by Apple, Britannia's Q4 numbers beating estimates, Aditya Birla Fashion acquiring TCNS Clothing and Paytm's March quarter results. (With inputs from Sucheta Anchaliya). Also, catch Rahul Bhuskute of Bharti AXA Life Insurance in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends
Positive free cash flow is when a company has sufficient funds to invest back into the business for growth.
Paytm executives say that the company's new tech platform is fully indigenously developed, will be capable to carrying out 10 times the number of current transactions and is expected to be more cost efficient
The user engagement on the platform continued to grow with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent YoY to 9 crore.
Paytm's shares gained 4% on May 5 ahead of the Q4 results, with analysts expecting a robust performance for the quarter, on the back of improved numbers on loan disbursal and new device addition fronts.
After integrating with the ONDC in March this year, Magicpin brought 22,000 restaurants on to the platform and said it would add 5,000 more over the coming three months