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PAYTM LOAN DISTRIBUTION
Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- Paytm says no financial or business impact from PPBL action; services remain fully operationalPaytm has said that the Reserve Bank of India’s (RBI) action on Paytm Payments Bank Ltd (PPBL) will have no financial or business impact on...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- Paytm posts first-ever profit helped by ticketing biz sale to Zomato; revenue down 34% YoYThe sale of Paytm Insider resulted in a one-time gain of Rs 1,345 crore for the company in the quarter ended September 30, helping it swing...
- Paytm halts postpaid loans, to focus on distribution-only modelFintech major Paytm's losses widened to Rs 550 crore in the fourth quarter ended March 2024. The same stood at Rs 169 crore in the last yea...
- Paytm tentative timeline to restart loan sanctioning ends on February 14One97 Communications president and chief operating officer Bhavesh Gupta in a company conference call on February 1 had said that the compa...
- Paytm expects F&O, equity trading to drive revenue growth, says COOPaytm’s parent company One97 Communications expects wealth management through futures and options (F&O) and equity trading to become a big ...
- Paytm lending decoded: Where does it stand after slowdown in small-ticket credit?Paytm scaled down one of its most popular credit products Paytm Postpaid in December. The impact of this on Paytm’s business became evident...
- Paytm Q3 loss narrows to Rs 222 crore; firm to focus on large-ticket loansPaytm's revenue from operations for the December quarter increased 38% to Rs 2,850.5 crore. Paytm said the increase in revenue was on the b...
- Paytm shares tank 20% after company looks to curtail low-value personal loansPaytm said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expe...
- Paytm expects 40-50% growth in credit business annually over 2-3 yearsThe Noida-headquartered company is looking to add three new lending partners to its platform over the next two quarters, which may include ...
- Paytm partners with Shriram Finance to strengthen loan distribution among small businessesThrough this partnership, the company said Shriram Finance’s products will be made available on Paytm’s platform digitally to further expan...
- Paytm says loan disbursement via platform at Rs 5,502 crore in MayPaytm, the Indian digital payments platform, has experienced a 24% YoY increase in its average monthly transacting users (MTU) at 9.2 crore...
- Paytm Q4 Results: Net loss narrows sharply to Rs 168 crore, revenue jumps 52% YoYThe revenue growth was led by an increase in gross merchandise value (GMV), higher merchant subscription revenues, and growth of loans dist...
- Paytm boosts offline payments leadership with 6.8 million devices, GMV grows 40%The merchant gross merchandise value (GMV) for the quarter (for three months ended March 2023) grew 40% YoY to Rs 3.62 lakh crore ($44 bill...
- Paytm loan disbursals surge 374% YoY to Rs 6,292 crore in October-November periodThe number of loans disbursed over the two month period grew 150% YoY to 6.8 million
- Paytm loan distribution touches an annual run rate of around Rs 25,000 crThe monthly transacting users on Paytm grew by 41% to 7.8 crore from 5.5 crore on YoY basis.
- Paytm July update: 82% jump in GMV, loans disbursed at Rs 2,090 crorePaytm said its offline payments leadership strengthens with a total number of devices deployed exceeding 4.1 million. Consumer engagement, ...
- Paytm partners with Piramal Finance to expand its merchant loan businessThrough the partnership, Paytm said merchant partners will be able to avail credit worth up to Rs 10 lakh, with terms ranging from 6 to 24 ...
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