Paytm: News

29 Oct 2024

Jio

This Jio Financial-subsidiary can now operate as online payment aggregator

Jio Payment Solutions Limited (JPSL), a fully-owned subsidiary of Jio Financial Services, has received the Reserve Bank of India's (RBI) nod to operate as an online payment aggregator.

After 8-month freeze, Paytm can now onboard new UPI users

Paytm, one of India's leading financial services companies, has received the green signal from the regulator to resume onboarding of new Unified Payments Interface (UPI) users.

22 Oct 2024

Zomato

Paytm reports ₹930cr profit in Q2 after selling ticketing business

Paytm's parent company One 97 Communications Ltd has posted a whopping profit of ₹930 crore for the second quarter ending September 2024.

Paytm founder pledges profitability and regulatory compliance at AGM

Paytm's founder, Vijay Shekhar Sharma, has emphasized the company's commitment to achieving profitability and meeting regulatory compliance during its Annual General Meeting (AGM) on Thursday.

03 Sep 2024

Fintech

India's fintech sector to mint 150 unicorns by 2030: Report

India's financial technology (fintech) sector is set to witness a significant surge, with an estimated 150 unicorns emerging by 2030.

27 Aug 2024

Zomato

Zomato users can now buy and resell event tickets

Zomato has announced a new feature called "book now, sell anytime" for its app users.

SEBI issues notices to Paytm founder, directors over IPO violations

The Securities and Exchange Board of India (SEBI) has served show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm's parent company), and several board members.

26 Aug 2024

Zomato

Paytm shares surge 54% in 3 months: What's fueling rally?

Shares of One97 Communications, the parent firm of Paytm, have witnessed a significant recovery recently.

22 Aug 2024

Zomato

Zomato acquires Paytm's entertainment ticketing business for ₹2,048 crore

Zomato has announced the acquisition of Paytm Insider, the entertainment and events ticketing subsidiary of One 97 Communications Limited (OCL), for a deal worth ₹2,048.4 crore.

30 Jul 2024

Business

Tap and pay: Paytm's new NFC soundbox revolutionizes offline payments

One 97 Communications Limited, the parent company of Paytm, has launched India's first 'NFC Card Soundbox.'

19 Jul 2024

Business

Paytm's Q1 losses surge to ₹839cr, revenue plummets by 36%

One 97 Communications Ltd, the parent company of Paytm, reported a significant increase in its consolidated net loss for the first quarter of fiscal year 2025.

17 Jul 2024

Vijay Shekhar Sharma

Health check-up expenses got you worried? Try Paytm's new insurance

Digital payments giant Paytm has unveiled a new health insurance policy, "Paytm|Health Insurance," which extends its coverage to regular healthcare services.

13 Jul 2024

SoftBank Group

SoftBank cuts ties with Paytm, sells remaining 1.4% stake

Japan's SoftBank has fully divested from One97 Communications, the parent company of fintech giant Paytm.

03 Jul 2024

Health & Wellness

₹35 for healthcare? Paytm launches affordable health plan for merchants

One 97 Communications Limited, the company behind Paytm, has introduced a unique health and income protection plan named 'Paytm Health Saathi.'

16 Jun 2024

Zomato

Zomato in talks to acquire Paytm's ticketing business: Report

Zomato, a leading food delivery service, is reportedly in advanced negotiations to acquire Paytm's movie ticketing and events business.

14 Jun 2024

Layoff News

Paytm layoffs: Employees allege forced resignations, unfair treatment

Several current and former employees of Paytm have voiced concerns over alleged forced resignations, lack of severance pay, and demands for the return of retention and joining bonuses.

13 Jun 2024

Samsung

Samsung partners with Paytm to upgrade wallet services in India

Samsung has collaborated with One97 Communications Limited, the parent company of Paytm, to introduce a new integrated feature on Samsung Wallet.

10 Jun 2024

Vijay Shekhar Sharma

Paytm lays off more employees amid restructuring efforts

One97 Communications, the parent company of the fintech giant Paytm, has announced another reduction in its workforce as part of a company-wide restructuring plan.

Paytm stock surges 8.5% to cross ₹400 after 8 weeks

The stock price of One 97 Communications, the parent company of Paytm, has seen a significant increase of 8.6%, reaching ₹414.

31 May 2024

Adani Group

Paytm shares hit upper circuit for third consecutive day

One97 Communications, the parent company of Paytm, saw its shares surge to a 5% upper circuit for the third straight session on Friday morning.

29 May 2024

Adani Group

Gautam Adani discusses Paytm stake purchase with Vijay Shekhar Sharma

Gautam Adani, chairman of the Adani Group, is in talks with Vijay Shekhar Sharma, founder and CEO of Paytm, to acquire a stake in One 97 Communications, the parent company of Paytm.

22 May 2024

Vijay Shekhar Sharma

Paytm considers job cuts as losses mount after RBI clampdown

Paytm, a prominent fintech firm in India, is planning to streamline its operations and concentrate on core businesses, as revealed by CEO Vijay Shekhar Sharma in a recent shareholder letter.

10 May 2024

BHIM UPI

How to reset your UPI PIN using BHIM app

The Unified Payments Interface (UPI) has revolutionized digital transactions, providing ease and convenience.

06 May 2024

Vijay Shekhar Sharma

Paytm shares plunge 5% as COO Bhavesh Gupta resigns 

One 97 Communications Ltd., the parent company of Paytm, witnessed a significant 5% drop in share prices on Monday.

05 May 2024

Paytm Money

Paytm President Bhavesh Gupta steps down ahead of Q4 results

Bhavesh Gupta, the President and Chief Operating Officer (COO) of mobile payments giant Paytm, has resigned due to personal reasons.

18 Apr 2024

PSP

Paytm migrates users to new UPI IDs: Know key changes

One97 Communications Limited (OCL), the parent company of Paytm, has started transitioning its users to partner payment service provider (PSP) banks. These include Axis Bank, HDFC Bank, SBI, and Yes Bank.

09 Apr 2024

Vijay Shekhar Sharma

Paytm Payments Bank's CEO steps down amid company restructuring

Surinder Chawla, the CEO of Paytm Payments Bank, has announced his resignation effective June 26.

27 Mar 2024

India

Paytm rolls out direct FASTag recharge amid regulatory challenges

Paytm has unveiled a new feature that allows users to recharge their FASTags directly via its mobile app.

24 Mar 2024

India

Praveen Sharma, Senior VP at Paytm, calls it quits

Praveen Sharma, the Senior Vice President of Business at Paytm, has tendered his resignation, according to a recent company disclosure.

15 Mar 2024

Yes Bank

Yes Bank, Axis Bank initiate operations on Paytm's UPI platform

Yes Bank and Axis Bank have commenced operations on the Paytm app's Unified Payments Interface (UPI) platform, as of today (March 15).

14 Mar 2024

HDFC Bank

Paytm secures NPCI approval to operate as third-party UPI app

The National Payments Corporation of India (NPCI) has given the green light to One97 Communications Limited, the parent company of Paytm, to function as a Third-Party Application Provider (TPAP) for Unified Payments Interface (UPI) services.

14 Mar 2024

Vijay Shekhar Sharma

Paytm's parent company considers job cuts across departments

One 97 Communications, the parent company of fintech unicorn Paytm, is reportedly planning to reduce its workforce across various departments.

Paytm's bank shuts down tomorrow: What services will be impacted

Paytm Payments Bank Ltd (PPBL), the banking arm of Paytm, will halt its services from tomorrow (March 15).

12 Mar 2024

Kotak Bank

Four banks compete to acquire Paytm merchants: Check here

Axis Bank, Canara Bank, Yes Bank, and Kotak Mahindra Bank are the leading contenders to take over merchant accounts of Paytm Payments Bank Ltd (PPBL).

Paytm Payments Bank may lose license for flouting RBI's norms

The Reserve Bank of India (RBI) is reportedly contemplating revoking the banking license of Paytm Payments Bank Limited (PPBL).

02 Mar 2024

Ministry of Finance

Finance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank

India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts.

Paytm delinked from its payment bank: Here's what it means

The board of directors at Paytm has approved the decision to discontinue inter-company agreements with Paytm Payments Bank Limited (PPBL).

29 Feb 2024

SoftBank Group

SoftBank reduces stake in crisis-hit Paytm to less than 3%

SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.

27 Feb 2024

Vijay Shekhar Sharma

Paytm shares up 5% again: What's fueling the rally

Paytm's stock saw another 5% boost today following the resignation of its founder, Vijay Shekhar Sharma, as chairperson and board member of crisis-hit Paytm Payments Bank Ltd (PPBL).

26 Feb 2024

Vijay Shekhar Sharma

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

Paytm founder Vijay Shekhar Sharma on Monday resigned as a part-time non-executive chairman of Paytm Payments Bank Limited (PPBL).

Paytm to restart lending platform operations in India next month

Paytm is gearing up to relaunch its lending platform for digital loans, provided by partner banks and non-banking financial companies (NBFCs) in early March.

RBI steps in to maintain UPI continuity for Paytm users

The Reserve Bank of India (RBI) has announced further measures to ensure smooth digital transactions for UPI customers using the '@paytm' handle, after imposing business restrictions on Paytm Payments Bank last month.

23 Feb 2024

Google Pay (Gpay)

Amid Paytm crisis, Google Pay expands its UPI soundbox

Google Pay is gearing up to expand its SoundPod service for merchants throughout India in the coming months, following a successful limited pilot last year.

Finance Ministry to meet fintech start-ups amid Paytm crisis

The Finance Ministry is gearing up for a crucial meeting with fintech start-ups next week, in light of the recent actions taken by the Reserve Bank of India (RBI) against Paytm.

19 Feb 2024

Stock Market

Paytm stock rises 5% after Axis Bank deal, extended deadline

Paytm stock surged 5% today, reaching the upper circuit for the second day in a row after the company revealed a partnership with Axis Bank to handle merchant payments.

RBI's FAQs for Paytm customers: New deadline and other announcements

The Reserve Bank of India (RBI) has published a set of frequently asked questions (FAQs) to address concerns about Paytm Payments Bank.

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