Explore the latest news, in-depth reports, and executive analysis tagged with #Paytm.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
The capital infusion in Paytm Money will be used towards technology investments, regulatory capital requirements and expanding the company's investment and wealth management offerings.
Paytm also approved the grant of 15.42 lakh stock options under its ESOP 2019 scheme.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
The licence allows Paytm Europe to offer a range of payment services, including processing payment transactions, handling transactions backed by credit facilities, and merchant payment acquiring services.
The exit comes at a time when the Noida-based fintech giant has been navigating a significant organizational and regulatory overhaul.
The fresh capital will be used to strengthen ONDC's digital commerce infrastructure and deepen industry participation, among others.
Goldman Sachs, Societe Generale, and Citigroup Global Markets were major participants in the block deal, collectively acquiring a 1.34% stake in Paytm.
Under NPCI rules, the feature carries a maximum limit of Rs 5,000 per transaction and Rs 15,000 per month across the UPI network.
The fintech company posted a net profit of Rs 183 crore during the quarter as compared to a net loss of Rs 545 crore in the same quarter last year.
The Reserve Bank of India has cancelled the licence of Paytm Payments Bank, bringing a long-running regulatory standoff to an end.
The RBI, in its note, said the "general character of the management of the bank is prejudicial to the interest of depositors as also the public interest."
The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...
We bring you our observations from the India AI Impact Summit held in New Delhi this week.
The penalty stems from Paytm's purchase of e-commerce firm Little Internet nearly eight years ago.
In this edition, we look at how Paytm's investor ledger is the most powerful case study; and how VCs are chasing a new segment in the AI space, thanks to Dunzo's Kabeer Biswas.
