Tag: paytm
Zomato’s District is shopping for growth beyond its dining business
Eternal-owned District is betting that offline shopping will emerge as its second-largest business within the next three years, as the company broadens its ambitions beyond…
Government moves closer to restoring MDR on UPI merchant payments
New Delhi: The government on Tuesday introduced amendments to the Payment and Settlement Systems Act in Parliament, moving closer to restoring merchant discount rates (MDR)…
Payments bill revives hopes of MDR return on large-ticket UPI transactions
The government’s proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI…
Paytm Q1 profit jumps 79%; board shelves bonus share proposal
Digital payments major Paytm on Monday reported a 28% year-on-year increase in operating revenue for the April-June quarter to Rs 2,448 crore, while continuing to…
Paytm board shelves bonus issue, prioritises growth and profitability
One 97 Communications, which operates fintech platform Paytm, has decided against proceeding with its proposed maiden bonus issue for now, saying it will instead focus…
Paytm board to consider first bonus issue on July 20
Fintech platform Paytm operator One 97 Communications will consider issuing bonus shares at a board meeting on July 20, when it is also scheduled to…
Elevation Capital closes $500 million India fund; to back startups building on AI’s app layer
Paytm and Swiggy investor Elevation Capital has raised a $500 million fund to back early-stage startups, betting that the next generation of AI-led companies will…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
PhonePe, Google Pay duopoly weakens as market share slips below 80%
Fintech giants PhonePe and Google Pay’s combined UPI market share slipped to 79% in May, according to data from the National Payments Corporation of India…
Paytm plans 10% staff increase in AI pivot, to lay off 400
Fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network…