Sunday, October 01, 2023
Outlook India
Outlook Business

Vijay Shekhar Sharma

Consumer engagement on the Paytm App continues to see expansion with the average MTU growing 20 per cent YoY to 9.4 crore

Vijay Shekhar Sharma will acquire a 10.3 per cent stake in Paytm from Antfin through an off-market transfer

Paytm is building an India-scale Al system that will help various financial institutes in capturing possible risks and frauds

Over 63 per cent of all UPI lite payments on Paytm QR are from the Paytm app

This came after PricewaterhouseCoopers (PwC) India resigned as the fintech's auditor on 7th August

Vijay Shekhar Sharma would continue as Managing Director and CEO, and the existing board would continue as it is

Merchant subscriptions stood at 82 lakhs, with 41 lakh new subscriptions over the year

The company had posted a loss of Rs 645.4 crore in the same period a year ago

Sharing his optimism about the rising global presence of Indian startups, Sharma said that he aspires for an anti-trust regulation by America and other nations on an Indian company

The company recently announced its #BeAnEntrepreneur campaign with the intent to foster the spirit of entrepreneurship and self-reliance amongst students and early working professionals