Tag: one 97 communications
paytm: Payments firms slash cashbacks, incentives on funding drought
Consumer payment companies, which have been at the forefront of offering cashbacks and other incentives in a bid to grab a larger chunk of the…
Paytm parent’s staff costs rise 21% in a challenging year
One 97 Communications (OCL), which runs digital payments platform Paytm, saw its overall employee costs grow 21% to Rs 4,589 crore in 202-24 from Rs…
Paytm: Paytm gets govt nod for downstream investment into payment services arm
Paytm got approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. With the approval, the payment…
Paytm shares up 3% after clarification on Vijay Shekhar Sharma’s Sebi notice
Aug 27, 2024 10:06 AM IST Sebi issued a show-cause notice to Vijay Shekhar Sharma for an alleged violation of rules governing employee stock option…
Paytm crisis: FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict…
Paytm: Elevation Capital’s massive gamble on Paytm backfires
Elevation Capital, the largest institutional shareholder in One 97 Communications– owner of digital payments brand Paytm– is staring at a massive erosion in the worth…
paytm ED case: ED has not yet found forex breaches at Paytm unit, source says
An investigation into possible foreign exchange violations at Patym Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government…
Axis Bank: Paytm shifts back-end payment settlements to Axis Bank from Paytm Payments Bank
One 97 Communications, which runs Paytm, has shifted its nodal accounts or escrow accounts to private-sector lender Axis Bank, the company said in a filing…
Paytm: Paytm’s UPI payments: Two contrasting trends
Digital payments major Paytm, which is run by One 97 Communications, has seen a stagnation in Unified Payments Interface payments originating from its payments bank…
paytm shares: Paytm shares tumble over 9% as investors start losing hope after 2 days of relief rally
Shares of the crisis-ridden One 97 Communications, which runs Paytm, was back on the stressful road on Thursday as the two-day ‘buy the dip’ rally…