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POSTPAID LOANS
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 witnesses slowdown in core businesses of merchant payments, consumer lendingIn the first four months of 2024, Paytm’s user base shrank by 24% to 80 million, while the count of its active devices dropped by about 1 m...
- 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...
- RBI policy on stability: Will not wait for house to catch fireThe Reserve Bank of India (RBI) has defended its recent regulatory measures for banks and non-banking finance companies (NBFCs), emphasizin...
- Paytm's postpaid loan cuts to upend its growth thesisOn Wednesday, the company announced that it would reduce exposure to loans with ticket sizes less than ₹50,000 in the backdrop of the RBI's...
- Paytm scales down small-ticket loan business amid regulatory hurdlesThis move assumes significance at a time when the Reserve Bank of India has instructed banks and NBFCs to slow down on their unsecured lend...
- Paytm to go slow on small ticket loans, will it affect its growth prospects?On Wednesday, the company announced that it would reduce the exposure to the loans with ticket size less than Rs 50,000 against the backdro...
- 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 to go slow on small-ticket loans; MPL's FY23 report cardPaytm will scale down its Postpaid business as recent regulatory hurdles have prompted a strategy rethink at the payments firm. This and mo...
- Decoding Paytm’s aggressive lending and collections playbookPaytm is betting big on credit to turn around its flagging fortunes and given the growth and the impact on its topline, it seems to be work...
- Ola to shutter Avail Finance app, integrate it with Ola MoneyRide-hailing firm Ola acquired Avail Finance, founded by Ola founder Bhavish Aggarwal's brother Ankush Aggarwal, for about $50 million in A...
- Paytm, Samsung partner for payment at authorised storesCustomers can make payments and avail of Paytm Postpaid through the deployment of PoS devices at the stores.
- Paytm teams up with Clix to offer loansThe loans will be extended through Paytm Postpaid as a deferred payment option for consumers and to merchants as credit lines.
- Paytm Postpaid to move its loan book to ClixPaytm Postpaid is a credit offering through which customers can buy goods and services and make settlements later, similar to how credit ca...
- HC Seeks Info on Paytm postpaid planDelhi High Court seeks clarifications from the RBI, Paytm on product offering credit to users.
- Vodafone, Airtel extend postpaid bill payment date by 3 daysAdditionally, for the benefit of prepaid customers running out of balance, Vodafone is providing small credits on both talktime and data.
- Cibil to include mobile bill payment history to check credit worthinessNon-payment of telephone bills will rule out the possibilities of getting a new credit card or even another mobile number.
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