Paytm stocks returned to green as they ended 8.4 per cent higher on Friday after witnessing a steady fall for a considerable period.
The company extended to the Canadian market in 2014 and launched the app in 2017 for its Canadian customers. In 2019, the company had opened an office in Montreal.
Paytm Payments Bank Ltd (PPBL) claimed to have become the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.
Paytm founder says the company makes a profit in financial services, driven by credit and payment services.
More millennials are turning investors, shows the Paytm Money report. High-risk products, as well as exchange-traded funds (ETFs), favourites among them
Paytm shares have again come under intense selling pressure after global investment banking major Macquarie downgraded the stock.
The company recorded the growth of GMV processed through Paytm’s platform by 123% to Rs 2,501 billion or $33.6 billion, as compared to the Q3 of FY 2021.
SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm, SBI Card said in a regulatory filing on Thursday.
Paytm Mall, which was founded in 2016, achieved unicorn status in 2018 after raising funds from SoftBank and others. It competes with Amazon, Flipkart and Snapdeal.
Paytm stock was down 9.25 per cent to trade at Rs 1,357.15 at 9:57 AM. Interestingly, the stock was trading close to its record low of Rs 1,271.25 touched November 22, 2021.
Despite facing severe losses, Paytm will turn profitable by March 2026 says the analysis of a brokerage firm. The analysis report also mentions that the business model of Paytm is sustainable since it is the most impactful and real-economy internet business.
Paytm-owner One97 Communications posted its maiden result post listing last week, reporting an expansion in revenue on the back of growth in payments and financial services. What does this mean for investors?
Paytm Chairman and Managing Director Vijay Shekhar Sharma said the company is one of the largest acquiring side partners for all payment networks be it Visa, Master and PCI, Amex, UPI.
Paytm CEO and founder Vijay Shekhar Sharma mentioned that crypto will be mainstream in near future, just like the internet and urged the government of India to take a stand to clear all confusions among crypto investors.
The company in its first quarterly earnings report since debuting on bourses informed that its total revenue rose 69 per cent on a YoY basis to reach Rs 1,086.4 crore.
While Paytm shares have shown positive growth in the early trade today, however, it remains to be seen whether the digital payment firm will be able to sustain the volatility in the market.
In an interview to Moneycontrol, the BharatPe founder said the failed listing could end the frenzied cycle of IPOs in the country. Moreover, the impact of this failed listing could potentially spiral out to the upcoming IPOs this financial year, including that of state-insurance company, LIC India.
Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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