Explore the latest news, in-depth reports, and executive analysis tagged with #Paytm.
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 RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...
The penalty stems from Paytm's purchase of e-commerce firm Little Internet nearly eight years ago.
Total expenses of Paytm declined to Rs 2,175 crore during the quarter as compared to Rs 2,220 crore in Q3 FY25.
As part of the partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core acquiring operations.
This comes as employee stock options at Paytm have been under regulatory scrutiny over the past year.
In October, The Head and Tale exclusively reported that the Paytm was facing regulatory roadblocks in the UAE, particularly in securing payments licence.
This comes after Paytm received the central bank's final approval to operate as a payment aggregator last month.
Sridhar earlier held leadership roles at BNP Paribas, Citibank and Deutsche Bank.
The central bank's final approval comes as a huge regulatory relief to Paytm after its bid to get the PA license was rejected earlier.
These share sale comes days after Elevation Capital, formerly known as SAIF Partners, trimmed its stake in Paytm.
The venture capital firm continues to hold over a 13% stake, which is valued at over Rs 11,000 crore, in Paytm.
The net profit fell in this quarter due to a Rs 190 crore exceptional charge against loans extended to its gaming joint venture.
Paytm had applied to the Central Bank of the UAE for two licences — one covering acquiring and domestic payments, and another for a wallet-type product.
This appointment comes months after the company's previous technology head Pankaj Goel left the organization.
Paytm has also approved the transfer of its offline merchant payments business to its wholly-owned subsidiary, Paytm Payments Services Ltd.
Paytm has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues.
Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.
