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
Paytm working with other banks for continuity of UPI services on its app
February 05, 2024 10:05 pm
The RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
Paytm stock plunges another 10%, firm loses 43% market value since RBI crackdown
February 05, 2024 11:52 am
Paytm share price: Paytm has lost about $2.5 billion or about 43% of its market value since the Reserve Bank of India (RBI) told Paytm Payments Bank on Wednesday to stop accepting fresh deposits in its accounts or popular wallets from March.
Paytm Payments Bank’s future uncertain post-Feb amid RBI’s silence
February 05, 2024 7:51 am
As per the RBI's licensing and operative guidelines for payments bank, aggregate customer balance limit for PPBL customer at the end of the day cannot exceed Rs 2 lakh. Neither PPBL or Paytm has disclosed the deposit base of PPBL.
Who is Vijay Shekhar Sharma, the Paytm founder?
February 02, 2024 6:38 pm
The central bank's order has added to the worries of both customers as well as digital payment service provider, given the move will have huge implications on company's financials. A day after the RBI announcement, Sharma took to his X account to assure users that the multinational fintech company will continue to work as usual.
Paytm Payments Bank ban: Founder Vijay Shekhar Sharma says app will continue to work as usual
February 04, 2024 8:41 am
On Thursday, the Reserve Bank of India issued a notification regarding the ban on accepting deposits or top-ups to the Paytm Payments Bank and linked services.
Paytm shares tank another 20%; hit fresh lower circuit limit
February 02, 2024 10:59 am
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Paytm: From humble facilitator to embattled fintech giant
February 01, 2024 7:16 pm
One of India's most popular payments companies, Paytm, is facing its biggest crisis after the country's central bank ordered its banking unit to stop accepting fresh deposits from March, leading to sharp fall in its shares.
Paytm to move nodal accounts, QR codes to other banks
February 02, 2024 8:20 am
The RBI on Wednesday barred Paytm Payments Bank from accepting deposits or top-ups in any of its key products — customer accounts, prepaid instruments, wallets, FASTags and National Common Mobility Card (NCMC), among others — after February 29.
Paytm Payments Bank ban by RBI: What happens to your money and what are the alternatives?
March 14, 2024 10:38 am
The RBI has banned Paytm Payments Bank from accepting deposits and onboarding new users. Here's what you need to know about withdrawing your money and alternative options.
Paytm shares slump 20%; hit lower circuit limit
February 01, 2024 11:28 am
PayTM share price slump today: RBI also said the 'nodal accounts' of One97 Communications Ltd (OCL) and Paytm Payments Services are to be terminated at the earliest, in any case not later than February 29, 2024.
