Paytm’s new target will be offering small instant credit: Vijay Shekhar Sharma

Paytm founder and CEO Vijay Shekhar Sharma, during the company's 23rd Annual General Meeting (AGM) said the company's next contribution will be "small credit available instantly through the mobile phone".

"After helping to bring the payment revolution with QR and everyone's favourite SoundBox, I believe Paytm’s next contribution will be – small credit available instantly through the mobile phone," Sharma said.

He added that Fiscal 2023 was a "landmark year" for the company, during which it achieved an operating profitability goal, "a full 9 months ahead of our target."


He said the company's next milestone is to make Paytm free cash flow positive in the near future, and expand its distribution.

"Last year, during this AGM we had promised you operating profitability, your company’s team delivered that way in advance, which shows our commitment and focussed execution," said Sharma.