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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
Paytm Payments Bank gets extended deadline of March 15 to stop transactions
February 16, 2024 8:49 pm
The central bank, in a January order, had told PPBL to stop such transactions by February 29, citing persistent non-compliance and supervisory concerns.
RBI asks Visa, Mastercard to halt card-based commercial payments
February 15, 2024 5:04 am
While the RBI has not officially announced the reasons for the directive, fintech companies active in the segment said such transactions are being done at outlets which are not authorised to accept such payments.
Enforcement Directorate seeks overseas transaction details from Paytm Payments Bank: Report
February 14, 2024 3:47 pm
Earlier this month, Reuters had reported the Enforcement Directorate had started a probe into One 97 Communications, also known as Paytm, on suspicion of violation of foreign exchange rules. The firm had denied allegations of forex violations.
Paytm Share Price: Paytm stock slips 9% to record low at 342.15
February 14, 2024 11:19 am
Paytm stock has slipped 65.5 per cent now from its 52-week high of Rs 998.3, which it shares had touched in October 2023.
Paytm Share Price Today: Paytm shares at record low of Rs 382 after tanking over 9%
February 13, 2024 12:13 pm
Paytm Share: Paytm stock came under pressure today after global brokerage firm Macquarie, joining the list of its peers, downgraded the stock's rating to 'Underperform'. Shares of One 97 Communications, parent company of payments aggregator Paytm, tanked over 9% on Tuesday.
No review of action against Paytm Payments Bank: RBI Governor
February 13, 2024 2:04 am
On January 31, the RBI barred Paytm Payments Bank from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after February 29, 2024, in the wake of persistent non-compliances and material supervisory concerns.
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Trouble in a wallet: What's behind the Paytm storm
February 10, 2024 10:51 pm
Over a decade ago, Vijay Shekhar Sharma transformed India’s digital payment landscape with Paytm. The recent RBI crackdown on its associate payments bank may, however, have put the brakes on the rapid rise of one of India’s most valued fintech unicorns
Since 2017, Paytm payments bank penalised at least five times by RBI
February 11, 2024 8:58 am
On January 31, citing non-compliance, the RBI all but shut down operations of the bank by ordering it to stop accepting new deposits in its accounts beginning March.
Paytm forms 3-member advisory panel headed by former Sebi chief
February 10, 2024 1:28 am
On January 31, the RBI barred PPBL from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags, and NCMC card after February 29 in the wake of persistent non-compliances and material supervisory concerns.
