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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
EPFO to stop claims made through Paytm Payments Bank
February 09, 2024 4:55 pm
The Employees' Provident Fund Organisation (EPFO) has asked its officers to refrain from accepting claims linked with accounts in Paytm Payments Bank, an associate of One 97 Communications, according to the order, which was reviewed by Reuters.
Paytm shares fall for second consecutive session, tanks nearly 9%
February 09, 2024 4:31 pm
Extending its previous day's decline, the stock dived 8.67 per cent to Rs 408.30 on the BSE. Shares of the company tumbled 8.20 per cent to Rs 410 on the NSE. Shares of One97 Communications Ltd fell 10 per cent to hit lower circuit limit on Thursday, after a two-day rally in the stock fizzled out.
RBI says clampdown on Paytm Payments Bank due to persistent non-compliance
February 08, 2024 4:49 pm
The regulatory actions were taken after giving the firm sufficient time to comply, RBI deputy governor Swaminathan J said at a press conference following the central bank's monetary policy review.
Govt urges RBI to issue FAQs for Paytm users
February 08, 2024 8:22 am
“The action against Paytm should be followed up by some sort of clarification. RBI has been urged to bring in FAQs as many customers won't be aware of many issues,” an official said.
Paytm stock extend gains, advances near 10% after Vijay Shekhar Sharma meets RBI officials
February 07, 2024 11:45 am
Shares of parent company One97 Communication edged 43.35 points, or 9.61 per cent higher at 494.50, a day after surging nearly 10 per cent. RBI's decision resulted in the Vijay Shekhar Sharma led platform losing $2.5 billion off its market valuation.
Paytm CEO Vijay Shekhar Sharma meets FM, RBI officials amid regulatory concerns
February 07, 2024 7:35 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.
Paytm CEO Vijay Shekhar Sharma in talks with RBI on regulatory concerns
February 06, 2024 1:29 pm
Paytm has also been seeking clarity from the RBI regarding the transfer of its licence for the wallets business and digital highway toll payment service Fastag, the source said.
Paytm stock rebounds after hitting lower circuit for three-straight sessions
February 06, 2024 11:05 am
The share price had declined by 20 per cent, 20 per cent and 10 per cent on Thursday, Friday and Monday's trading sessions respectively after RBI announced a ban on any newer deposits or top ups on accounts, digital wallets or FASTags post February 29. The central bank cited several compliance issues as a reason behind its move.
Express View on RBI action against Paytm: Payment blocked
February 06, 2024 9:15 am
Regulatory measures like this one must seek compliance, but should not be excessive
JFSL shares surge 13.91% on reports of acquiring PPBL wallet business
February 06, 2024 1:51 am
A payment bank can raise deposit up to Rs two lakh but it can’t issue loans or credit cards.
