Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.Once a role model for India’s nascent startup economy, Paytm’s net losses swelled several-fold to 5.5 billion rupees ($66.1 million) for … Read more
Paytm Q4 results: In the fourth quarter ended March 2024, Paytm, the fintech major, reported a significant increase in losses, reaching Rs 550 crore compared to Rs 169 crore in the corresponding quarter of the previous year. The company’s revenue from operations also experienced a 3% year-on-year decline, amounting to Rs 2,267 crore, in contrast … Read more
Home Business Paytm’s Praveen Sharma Resigns; Company Denies Layoff Reports In its filing Paytm said that Layoff reports were baseless and inaccurately represent the company’s operational and strategic planning. Paytm One97 Communications Ltd (OCL), Parent company of Paytm, announced that Senior Vice President, Praveen Sharma, has resigned from his position on March 23. In the … Read more
Home Business FASTag Without KYC Will Be Deactivated From THIS Date, Follow These Steps To Activate KYC NHAI has asked FASTag customers to complete the KYC process for FASTag as per the rules of the Reserve Bank of India. FASTag is valid for 5 years and after 5 years you have to extend its validity. … Read more
NEW DELHI: Share of One97 Communications, parent company of Paytm, hit upper circuit for second consecutive session on Monday. The stock surged 18.50 or 4.99% to 389.20 with a total increase of 11% in two sessions after it received approval from the National Payments Corporation of India (NPCI) join UPI as a third-party application provider … Read more
Home Business Paytm Wallet, FASTag, Stop From Today; What To Do Now Explained Here You will not be able to recharge your FASTag issued by Paytm Payments Bank after March 15. The RBI barred Paytm Payments Bank in February. (File/Reuters) Paytm Wallet Stops: According to the Reserve Bank of India (RBI) guidelines, starting from Saturday, … Read more
Home Technology Paytm Payments Bank Deadline: What Is In Store For Millions Of Users, Merchants After March 15 The National Highways Authority of India (NHAI) has advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15. Published: March 15, 2024 4:21 PM IST By IANS Representative Image As the … Read more
Know the step-by-step guide to close Paytm Payments Bank FASTag via the Paytm App. Published: March 16, 2024 5:01 AM IST By IANS Paytm FASTag New Delhi: As per the guidelines issued by the Reserve Bank of India (RBI) regarding restrictions on Paytm Payments Bank, users of Paytm FASTag will not be able to top … Read more
Paytm Payments Bank has released a detailed FAQ on their website in light of the new directive that comes into force on March 15, concerning the acceptance of new deposits. The bank has provided clarity especially on the usage and management of FASTags issued by them, in compliance with the Reserve Bank of India‘s (RBI) … Read more
Paytm share price today: Shares of One97 Communications witnessed a significant jump of 5% to Rs 370.90 on the Bombay Stock Exchange on Friday. This follows the announcement that the National Payments Corporation of India (NPCI) has granted approval to Paytm to operate as a Third-Party Application Provider (TPAP) under the multi-bank model for UPI … Read more