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Paytm News

17 Mar 2023

'What A Feeling!': PayTM CEO Vijay Shekhar Sharma Praises Delhi-Mumbai E-Way

Appreciating the Delhi-Mumbai Expressway or India's longest expressway, PayTM CEO Vijay Shekhar Sharma said that the e-way is better than anywhere in the world.

07 Mar 2023

Paytm enables lightning fast payments that never fail for its users

Paytm Payments Bank remained the largest UPI beneficiary bank for 20 months in a row with over 1,765.87 million transactions in January 2023.

24 Feb 2023

Paytm UPI Lite: Check Step-By-Step Guide To Enable THIS New Wallet Here

Paytm launches UPI lite on its platform allowing customers to send small amount payments up to Rs 200 without a pin. UPI lite is a secure on-device UPI wallet on you Paytm app, which is linked to your bank account. You can set up Paytm UPI lite on your device to pay small payments without a pin to clear bank statement from cluttering.

15 Feb 2023

Paytm Payments Bank Launches UPI LITE Feature

Paytm starts UPI LITE on its platform for small-value transactions. UPI Lite was launched by RBI in September 2022. UPI Lite allows to do instant transactions of up to Rs 200.

13 Feb 2023

Macquarie analyst says Paytm's lending portfolio quality stands 'rock solid',

India’s leading digital payments and financial services firm Paytm’s loan distribution business is proving to be the biggest driver of profitability for the company.

10 Feb 2023

Alibaba Exits India; Sells its Entire Stake Holding in Paytm

Paytm`s shares have been rallying in the last few days since it announced operating profitability in its Q3FY23 results with EBITDA before ESOP cost at Rs 31 crore, significantly ahead of its guidance of September 2023.

10 Feb 2023

Alibaba exits India - sells its entire stake holding in Paytm

This latest deal almost completes Alibaba's exit from India since it had earlier sold its stakes in Zomato and BigBasket. The news will bring cheer to the market as it ends the Chinese stake holding in the homegrown Paytm.

10 Feb 2023

Fin-Tech Paytm Launches G20-Theme QR Code, Celebrates India's Presidency

Under the `Digital Payments Utsav`, Paytm is organising a special drive wherein a branded vehicle will cover various localities across Delhi that have a heavy public presence.

03 Feb 2023

Paytm’s stellar performance — operating profitability target met

Reports EBITDA before ESOP cost profitability of ₹31 crore Contribution profit of ₹1,048 Cr (up 131% YoY) with margin improving to 51% vs 31% YoY; driven by growth in payment profitability and high margin loan distribution business Improvement in payment profitability with net payment margin at ₹459 Cr (up 120% YoY)

18 Jan 2023

Google pilots 'Soundpod by Google Pay' for UPI payments in India

The search giant is piloting a soundbox of its own in the country to alert sellers of confirmations for Unified Payments Interface (UPI)-based payments, reports TechCrunch.

16 Jan 2023

Folk artiste in Hyderabad takes donations by attaching Paytm QR code to bull

Innovative use of Paytm: Folk artiste in Hyderabad attaches QR code to bull's head for donations.

13 Jan 2023

Cheers for Paytm shareholders as Alibaba consolidates India exit

Alibaba seems to be making an exit from India as it has sold shares in other investments such as BigBasket and Zomato, sources said, adding that Ant Financial is not going to sell anytime soon.

10 Jan 2023

From BofA to ICICI Securities, analysts expect a strong Q3 for Paytm

Paytm’s strong business model with a two-sided ecosystem for consumers and merchants is set to yield even better results

08 Jan 2023

Paytm Payments Bank appoints MD and CEO post RBI nod

"Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO).

30 Dec 2022

Paytm offers loans upto Rs 5 lakhs; Here's step-by-step guide to take it

14 Dec 2022

Paytm’s Rs 850-cr share buyback at 50% premium to support stock in near-term

JP Morgan remains upbeat on Paytm, saying in its note that "the buyback announcement at a 50% premium to provide support to the stock price in the near term". The brokerage kept its price target unchanged at Rs 1,100 per share, and reiterated 'overweight' rating on the stock.

14 Dec 2022

Paytm shares to remain in focus today --Here's the reason

Paytm has opted for the open market route through the stock exchange method for the buyback programme and expects the process to be completed within a maximum period of six months, the company said in a regulatory filing.

12 Dec 2022

Experts cheer Paytm buyback, say it shows co’s ability for growth

Even as the markets await the details of the proposed buyback of digital payments and financial services giant Paytm, investors and analysts have cheered the move. The stock is up 22% in the past 3 weeks and 6% since Thursday, when it informed the exchanges about the proposed buyback.

10 Dec 2022

Paytm buyback shows firm believes shares are below intrinsic value

Paytm has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders. The company said that its decision for the same comes from its strong financial position and liquidity. A board meeting will be held on December 13 for the approval of the company`s first ever share buyback.

06 Dec 2022

Sent money to wrong UPI using PhonePe, GPay, Paytm? Here's how to get it back

India's Digital Payment ecosystem has thrived a lot in the past few years. Since demonetisation in 2016, digital payments have shot up to break all records. India recorded over 23 billion digital transactions worth over Rs 38 lakh crore in the third quarter of FY23. The UPI-related digital payment transactions number stood at over 19.65 billion in volume and Rs 32.5 lakh crore in terms of value. The recent report on Digital Payments showed that UPI transactions have almost doubled since 2021. The top three UPI apps used widely by Indians are PhonePe, Google Pay and Paytm.

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