UPI consumer data indicates stable market share, and expansion in partner networks in financial distribution. All this implies Paytm could be set to meet guidance of turning Adjusted Ebitda breakeven by Q4FY25 (ex of UPI-incentives).
One97 Communications is an Indian technology company that provides digital payment and other financial services to consumers and merchants, through subsidiaries, etc under the Paytm brand.
The divestment of the movie ticketing business, which it sold to Zomato for 2,048 crore cash, will strengthen the balance sheet. The @paytm handle has been migrated to four partner banks - Axis, SBI, HDFC and Yes Bank.
In March 2024, NPCI approved Paytm's request to function as a third-party application provider (TPAP), allowing Paytm to continue offering UPI. The migration allows Paytm to add new users (Monthly transacting users stood at 78 million at the end of Q1FY25).
Esta historia es de la edición October 11, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 11, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Sitharaman tables Manipur Budget with total expenditure of ₹35K cr
Finance Minister Nirmala Sitharaman on Monday tabled the Budget for financial year 2025-26 (FY26) for the strife-ridden state of Manipur with a total expenditure of ₹35,104 crore, up 7.5 per cent from the revised estimates of FY25.
India Needs to Innovate & Reduce Debt to Become Developed by 2047
India's gross domestic product (GDP) growth accelerated to 6.2 percent in the third quarter of FY25, up from 5.6 percent in the previous quarter.
Rupee Sees Worst Fall in 2 Weeks, Closing at 87.34 Against the Dollar
The rupee fell the most in two weeks, weakening by 0.52 percent against the dollar on Monday due to strong demand for dollars in the non-deliverable forward (NDF) market.
EU Investors Eye Fresh Investments in Indian Equities: Macquarie
Investors from the European Union (EU) nations are looking to make fresh investments in domestic equities by cutting their underweight position, according to financial giant Macquarie.
Simplilearn Plans to Relaunch Fresher Upskilling Vertical
Edtech Firm to Restart Study Abroad Programme as Well
Experts brainstorm on new possibilities in India's power sector by 2047 and Global Trends in Energy Transition @GRIDCON 2025
The theme of POWERGRID led GRIDCON 2025, a premier global event in the power transmission industry Innovations in Grid Resilience: Strategies for enhancing reliability Sustainability and Adaptability of Power Transmission System
Ukraine overtakes India as top arms importer: Sipri
India was world's biggest importer of arms in 2019-23
IndusInd Bank CEO search looms as shares drop 3.86%
Following the Reserve Bank of India's (RBI's) approval for only a one-year extension to IndusInd Bank's Managing Director (MD) and Chief Executive Officer (CEO) Sumant Kathpalia, instead of the three-year tenor requested by the bank's board, brokerages expect the bank to initiate the process of selecting a new CEO.
India's obesity crisis
Reorienting food policies can address the problem
Sun Pharma to expand oncology portfolio with Checkpoint buy
\"This acquisition further bolsters our innovative portfolio in onco-dermatology,\" Sun Pharma's Chairman and MD Dilip Shanghvi said.
