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
Ban on Paytm Payment Bank: 85% of Paytm wallet users unlikely to be impacted, says RBI Governor Das
March 14, 2024 10:37 am
The RBI has advised the Paytm Payment Bank (PPBL) to shift the remaining Paytm wallet users, whose app is linked only to the payment bank account, to other banks.
Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIU
March 05, 2024 5:43 pm
After the Union finance ministry issued a press statement on the FIU action, a Paytm Payments Bank spokesperson had said that the penalty pertains to issues within a business segment that was discontinued two years ago.
Report suggests Paytm Payments Bank may lose banking license, share price rebounds after falling 3%
March 04, 2024 1:14 pm
Shares of One97 Communications are trading 10.60 points, or 2.56 per cent lower at 403.85 per equity share. Moreover, a media report suggested that RBI may cancel PPBL's license.
Rs 5.5-cr fine on Paytm Payments Bank for breach of anti-money laundering rules
March 02, 2024 9:32 am
The Reserve Bank of India (RBI) has told Paytm Payments Bank Ltd (PPBL) to halt deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets by March 15.
Paytm share price advances 5% to Rs 423 after announcing to discontinue inter-company pacts with PPBL
March 01, 2024 5:28 pm
This week saw Paytm shares rebounding during to trade higher against the 52-week low of Rs 318 hit on February 16. However, the stock is still around 50 percent below the January 31 closing price of Rs 761.20.
Paytm, Paytm Payments Bank to discontinue inter-company pacts to reduce dependencies
March 01, 2024 9:52 am
The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concerns.
Paytm hits lower circuit for second consecutive session, shares slip 4%
March 01, 2024 11:47 am
The fall in Paytm share price indicates that Sharma's resignation has failed to soothe investors nerve. Paytm shares has hit the upper circuit on two consecutives sessions earlier.
Paytm FASTag: Here's how to deactivate it and purchase a new FASTag online
February 28, 2024 8:12 pm
Paytm FASTag Deactivate: As per the RBI's latest directive, FASTags issued by Paytm won't be allowed to function after March 15th, 2024. As users must buy a new FASTag post-deactivation, here is everything one needs to know, from deactivating the Paytm FASTag to purchasing a new one from NHAI.
Paytm share price advances 1.6% after minor dip as Vijay Shekhar Sharma resigns from PPBL Board
February 27, 2024 11:15 am
Shares of One97 Communications Ltd (OCL), the parent company of payment aggregator Paytm, is trading 7.45 points, or 1.61 per cent higher at 435.55 at 11:10 am.
Fearing job loss, Paytm Payments Bank employee dies by suicide: Police
February 26, 2024 10:33 pm
Police have not found any suicide note from the spot.
