Journalism of Courage
Paytm
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Paytm: A Digital Payments Giant Paytm, short for "Pay Through Mobile," is a Noida-based Indian multinational financial technology company specializing in digital payments and financial services. Founded in 2010 by Vijay Shekhar Sharma under One97 Communications, Paytm provides a comprehensive suite ...
- Company type Public
- Industry Financial technology, E-commerce
- Founded August 2010
- Founders Vijay Shekhar Sharma
- Headquarters Noida, Uttar Pradesh, India
- Key people Vijay Shekhar Sharma
- Services Payment systems, Mobile payments
- Revenue ₹9,978 crore (US$1.1 billion) (FY24)
- Net income ₹-1,423 crore (US$-160 million) (FY24)
- Parent One97 Communications
- Website www.paytm.com
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Paytm history
Last Updated : 13/03/25, 01:24 AM
Paytm, India's leading digital payments platform, has faced a recent storm of regulatory actions, jeopardizing its foothold in the financial sector. In January 2024, the Reserve Bank of India (RBI) imposed substantial restrictions on Paytm Payments Bank (PPBL), barring it from accepting new deposits...
PAYTM NEWS
India defers approval of Paytm's investment in its payments arm: Report
April 16, 2024 5:27 pm
One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January.
Paytm shares decline 4% after CEO resigns
April 10, 2024 11:24 am
The stock dipped 4 per cent to Rs 388 on both the BSE and NSE. The company's market valuation eroded Rs 463.84 crore during the morning trade.
Paytm Payments Bank MD and CEO Surinder Chawla quits
April 09, 2024 6:16 pm
Chawla joined PPBL in January last year after the payments bank received approval from the Reserve Bank of India.
Paytm shares hit upper circuit with 5% gain after NPCI approval
March 15, 2024 11:02 am
Shares of One97 Communications, owner of the Paytm brand, are trading 17.65 points, or 5.00 per cent up at 370.70 a piece.
Paytm Payments Bank's deadline is here: What services will stop from today?
March 15, 2024 9:31 am
The order, which was passed on January 31 citing regulatory non-compliance, had initially mentioned February 29 as a deadline for PPBL to wind up its banking operation. However, the deadline was later extended to March 15.
Paytm gets NPCI approval to become third-party application provider
March 15, 2024 1:20 am
NPCI said four banks - Axis Bank, HDFC Bank, State Bank of India and YES Bank – will act as PSP (Payment System Provider) banks to OCL, which is the parent company of Paytm.
NPCI grants approval to Paytm to become third-party UPI service provider
March 15, 2024 5:37 am
YES Bank will act as the merchant-acquiring bank for existing and new UPI merchants for Paytm handle @Paytm.
Paytm shares tank 3% as RBI's March 15 deadline nears
March 14, 2024 12:31 pm
On Wednesday, Paytm shares opened at Rs 370.05 and closed at Rs 370.4 per equity share. The RBI had imposed a ban of Paytm's banking unit, Paytm Payments Bank Limited (PPBL), for regulatory violations.
NHAI asks Paytm FASTag users to procure new one from another bank
March 13, 2024 4:50 pm
NHAI also advised Paytm FASTag users to reach out to their respective banks or refer to the FAQs provided on the IHMCL (Indian Highway Management Company Limited) website.
NPCI to approve Paytm request for third-party application license: Report
March 12, 2024 4:57 pm
The central bank is unlikely to extend the deadline of March 15 set for Paytm's banking unit, Paytm Payments Bank, to wind down its operations.
