Tuesday, December 06, 2022
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Paytm

While increasing regulation can be a cause of uncertainty, there are several ways in which the fintech can leverage its existing merchant base

Innovation, investment and institutional support will be crucial in laying the groundwork that can give indigenous start-ups a fillip to gain their rightful place on the global podium

The Japanese conglomerate had invested $1.6 billion in Paytm and had sold stakes worth $220 billion to $250 billion last year

After posting a 76 per cent year-on-year growth in revenue from operations during September 2022, at Rs 1,914 crore, it appears that its founder and CEO, Vijay Shekhar Sharma, finally has profitability in his crosshairs

The Vijay Shekhar Sharma-led fintech firm registered a 224 per cent y-o-y increase in the number of loans distributed

Rajeev Mishra, CEO of Softbank Vision Fund, Rukam Capital and Vijay Shekhar Sharma, founder of Paytm, were some of the investors who participated in this funding round

The loan distribution business of fintech giant Paytm surged to new high as the annual run rate of the company touched Rs 34,000 crore in September

Patel believes that while the point-of-sale terminal business would grow at 5 to 7 per cent year on year, the unified payment interface will continue to grow by at least 70 to 80 per cent in the next four years

Flipkart, which owns a majority stake in Paytm's competitor PhonePe, will host its annual festive season sale between September 23 - 30, 2022

On September 2, the ED conducted raids in six locations of Razorpay, Paytm, and Cashfree, as part of an ongoing probe against “illegal” instant smartphone-based loans “controlled” by Chinese persons