Paytm’s trouble on financial and regulatory sides do not seem to be heading down, at least any time soon. Its parent, One 97 Communication, reported a widening of its net loss to…
Tag: Paytm
Zomato, with a hefty cash warchest, eyes another strategic acquisition in Paytm’s movie & events ticketing business
Zomato has confirmed — which was earlier reported by several outlets — that it is indeed exploring a potential acquisition of Paytm’s movie and events ticketing business. And while there is no…
Regulatory action impacts Paytm financials, reports widened loss at ₹550 crore, Q-o-Q revenue drops 20%
Digital payments giant Paytm, which perhaps endured one of its most difficult business quarters since its public market debut due to regulatory concerns, has reflected the same in its just announced earnings…
Paytm investment into payments arm deferred amid Chinese shareholding concerns in parent: Report
One 97 Communications, the parent company behind Paytm, is facing a roadblock in its quest to secure government approval for a critical investment in its payments arm, Paytm Payment Services Ltd (PPSL)….
Paytm terminates inter-company agreements with banned Paytm Payments Bank
In response to ongoing regulatory challenges and heightened scrutiny from RBI and other regulators, Paytm-parent One 97 Communications, continues to sever various business ties with its subsidiary, Paytm Payments Bank (PPBL). This…
RBI extends Paytm Payments Bank’s operation-ceasing deadline as it gets new banking partner
The Reserve Bank of India (RBI) has announced an extension to the deadline for Paytm Payments Bank Ltd (PPBL) to cease specific transactions, granting a 15-day reprieve, until March 15. This move…
Macquarie downgrades Paytm, slashes target price by 58%
Paytm, once the poster child of India’s booming fintech industry, continues to find itself in the midst of a tumultuous storm that started with RBI’s blanket ban on its payments bank entity….
India’s central bank asks Paytm Payments Bank to halt business
Paytm Payments Bank, the payment giant’s division that handles payments for several of its clients, including its own Paytm service, has been asked by India’s RBI to completely halt its business. The…
Paytm stock plunges 20% as it announces non-issuance of loans below ₹50,000
Indian financial services giant Paytm witnessed a sharp decline of 20% in its stock price on Thursday, triggering concerns among fintech investors. The drop followed Paytm’s announcement of plans to reduce the…