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).
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