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Paytm News

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.

05 Dec 2022

From digital 'shagun' at a weddings to digital donations

“शादी में डिजिटल शगुन, Digital India का विस्तार", tweeted the union minister along with the video. The caption translates to, “Digital Shagun in marriage, expansion of Digital India.

04 Dec 2022

Stocks in Focus: From SBI Cards to EID Parry, 7 stocks to bet on next week

The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.

26 Nov 2022

RBI asks Paytm to re-submit application for online merchants, Firm says this

The company had re-submitted the required documents in September 2021. Paytm further said there were no material observations from RBI and the move has no material impact on its business and revenues. The company will not onboard new online merchants till the time approvals remain pending.

23 Nov 2022

No unlimited transaction on UPI payment apps? PayTm says THIS

Paytm Payments Bank Spokesperson said the proposed implementation of UPI market capping will be hugely beneficial for the UPI ecosystem.

17 Nov 2022

PayTm's parent firm One97 Communication shares tumble by 10% -- Check details

Shares of One97 Communications, Paytm's parent firm, on Thursday tumbled 10 per cent. Softbank has started the process to sell a 4.5 per cent stake in the company in a block deal. The development comes immediately after the lock-in period for Paytm's investors to trade shares ended.

11 Nov 2022

10 highlights from Paytm’s Q2FY23 results

Paytm recently announced its Q2FY23 results and posted revenue growth of 76% with strong momentum in payments and financial services.

08 Nov 2022

Paytm revenue increases by 76%, loss widens to Rs 594 crore in Q2

The company had posted a loss of Rs 481 crore in the same period a year ago, Paytm said in its regulatory filing.

10 Oct 2022

Paytm annualised run rate of loan disbursals touches Rs 34,000 crore in Sep

The company had posted an annualised run rate of loan disbursals of about Rs 29,000 crore in August. The value of loans disbursed through Paytm grew close to six times to Rs 7,313 crore, from Rs 1,257 crore in the September 2021 quarter.

03 Oct 2022

RBI move to link credit cards to UPI will benefit fintech like Paytm

The brokerage said Paytm`s payments vertical will particularly benefit from RBI`s proposal due to higher usage of merchant discount rate (MDR)-bearing credit cards through UPI. Citi also said that the shift from debit/bank account to credit cards may improve the monetisation of UPI payments.

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