The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a licence to operate as a payment aggregator, the company informed the bourses on November 26.The fintech company’s subsidiary had applied for authorisation to provide payment aggregator (PA) services for online merchants. This makes Paytm the only large payment gateway player […]
Paytm faces another reckoning with lock-in period expiring this week
Paytm, India’s leading digital payments brand, faces another reckoning, a time after it recorded the horrific original public immolation in India’s history. This week, the cinch-up period for the company’s stock will expire, freeing investors to vend shares that have n’t yet been allowed onto the request. The biggest shareholders in One97 DispatchesLtd., Paytm’s parent […]
Paytm Q2 loss widens to Rs 571.5 crore, operating revenue jumps 76%
One 97 Communications, the operator of mobile payments and financial services company Paytm, has posted a consolidated loss of Rs 571.5 crore for the quarter ended September FY23, widening from a loss of Rs 473.5 crore in same period last year. However, the loss narrowed from Rs 645.4 crore recorded in Q1FY23. Consolidated revenue from […]