Paytm: News

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.

16 Feb 2024

Fastag

RBI curbs: Paytm Payments Bank excluded from authorized FASTag issuers

The Indian Highways Management Company (IHMCL), a subsidiary of the National Highways Authority of India (NHAI), has announced a list of 32 authorized banks for issuing new FASTags.

14 Feb 2024

Business

ED to probe money laundering charges against Paytm Payments Bank

The Enforcement Directorate (ED) has initiated a money laundering probe against Paytm Payments Bank, according to NDTV.

Paytm shares tumble to 52-week low, down 65% from highs

Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.

Paytm shares crash as Macquarie downgrades price to Rs. 275

Paytm shares crashed over 9% today after Macquarie, a global financial services firm, lowered its target price for the fintech giant to Rs. 275.

12 Feb 2024

Axis Bank Ltd

Axis Bank open to working with Paytm if RBI permits

Axis Bank CEO Amitabh Chaudhry has stated that the bank is willing to collaborate with Paytm if the Reserve Bank of India (RBI) grants permission.

12 Feb 2024

China

Centre probes Chinese investments in Paytm Payments Services

The Indian government is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd. (PPSL), a subsidiary of One97 Communications Ltd (OCL).

09 Feb 2024

Startups

Paytm set to acquire Bengaluru-based ONDC start-up Bitsila: Here's why

Paytm, which is battling multiple regulatory challenges, is close to acquiring Bengaluru-based e-commerce start-up Bitsila.

Paytm Payments Bank faces uncertain future as RBI denies concessions

There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024.

06 Feb 2024

Narendra Modi

Start-up founders urge PM Modi, RBI to reconsider Paytm curbs

At least 12 start-up founders have penned a letter to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the Reserve Bank of India (RBI) with regards to crisis at Paytm.

05 Feb 2024

Reliance Industries

Jio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm? 

Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.

Paytm shares continue to crash, down 42% in 3 sessions

Paytm's stock has taken a significant hit, plummeting over 42% in just three sessions since the Reserve Bank of India (RBI) imposed restrictions on its banking unit.

Following RBI curbs, Paytm shares fall 20% for second day

Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.

RBI's crackdown on Paytm Bank raises concerns of license revocation

There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).

RBI bars Paytm Payments Bank from offering services starting March

The Reserve Bank of India has placed limitations on Paytm Payments Bank Limited (PPBL), barring it from accepting deposits or top-ups in customer accounts, wallets, and FASTags after February 29, 2024.

24 Jan 2024

Stock Market

SoftBank sells 2% stake in Paytm in first profitable sale

Japanese investment giant SoftBank has sold a 2% stake in Paytm's parent company One97 Communications Ltd., raking in over $200 million.

22 Jan 2024

Fintech

Paytm surpasses 10 crore monthly active users

Fintech giant Paytm recently announced that it has surpassed 10 crore monthly active users by December 2023.

19 Jan 2024

Stock Market

Paytm reports 38% revenue growth in Q3 FY24, losses down

One97 Communications, Paytm's parent company, experienced a 38% increase in consolidated revenue for Q3, ending December 2023.

Inactive UPI accounts to be deactivated from January 1

Starting January 1, UPI accounts that haven't been used for a year or more will be deactivated, according to a circular from the National Payments Corporation of India (NPCI).

Paytm lays off over 1,000 employees as AI replaces humans

Paytm has laid off over 1,000 employees from its operations, sales, and engineering departments as a result of adopting AI automation.

15 Dec 2023

Stock Market

New-age stocks make comeback in 2023: Zomato, Paytm, and more

In 2023, stocks like Paytm, Zomato, Nykaa, PB Fintech, CarTrade Tech, and Delhivery have made a strong comeback, rewarding investors after a disappointing 2022.

07 Dec 2023

Stock Market

Here's why Paytm shares tanked 20% today

Shares of Paytm's parent company, One 97 Communications, took a 20% hit, falling to Rs. 650.45 on the NSE after the company revealed plans to issue fewer personal loans under Rs. 50,000.

06 Dec 2023

Business

Paytm to offer high ticket personal and merchant loans

Paytm on Wednesday announced its plans to grow its credit distribution business by providing larger personal and merchant loans in collaboration with major banks and Non-Banking Financial Corporations (NBFCs).

15 Nov 2023

Business

Paytm collaborates with Amadeus to redefine travel ticket booking experience

One97 Communications, Paytm's parent company, revealed a new alliance with international travel tech firm Amadeus on Wednesday.

23 Oct 2023

Vijay Shekhar Sharma

Paytm founder launches investment fund for AI, EV start-ups

Paytm's founder and CEO Vijay Shekhar Sharma has announced a SEBI-approved, Category II Alternate Investment Fund (AIF) named 'VSS Investments Fund.'

20 Oct 2023

Fintech

Paytm's Q2 revenue jumps 32% YoY to over Rs. 2,500cr

One97 Communications, the parent company of India's leading fintech giant Paytm, has reported a 32% year-over-year surge in its revenue for the second quarter of the fiscal year 2023-24 (Q2 FY24), reaching Rs. 2,518.6 crore.

RBI slaps Rs. 5.39cr penalty on Paytm Payments Bank

The Reserve Bank of India (RBI) slapped a hefty penalty of Rs. 5.39 crore on Paytm Payments Bank for not adhering to Know Your Customer (KYC) regulations.

28 Sep 2023

Tamil Cinema

Box office prediction: 'Chandramukhi 2' will dominate South Indian belts

Chandramukhi was a cult Tamil film starring Rajinikanth. The movie was remade in almost all languages and was equally successful.

04 Sep 2023

India

Paytm introduces Card Soundbox for merchants: Here's how it works

Paytm has launched a device called Card Soundbox in India.

02 Jun 2023

K-Pop

Cinepolis India to livestream BTS Suga's 'D-Day' concert

K-pop is a global sensation and currently, BTS is one of the most followed boy bands. As the band is on a hiatus, fans are loving the work the artists are creating in their solo careers.

03 May 2023

PhonePe

PhonePe launches UPI Lite for smaller transactions: How to use

Two months after Paytm launched UPI (Unified Payments Interface) Lite, rival PhonePe has made the feature available on its platform.

Interchange fee on UPI: How this will affect you

A new National Payments Corporation of India (NPCI) announcement has UPI users running in confusion.

Paytm Wallet now acceptable on all UPI QRs, online merchants

The National Payments Corporation of India (NPCI) announced wallet interoperability guidelines on Friday (March 24), paving the way for significantly improving the importance of wallets.

Paytm Payments Bank introduces UPI LITE: How to use it

In a bid to make low-value UPI transactions faster, more secure, and seamless, Paytm Payments Bank Limited (PPBL) has introduced UPI LITE in India.

23 Dec 2022

Vijay Shekhar Sharma

No more cash burn at Paytm: CEO Vijay Shekhar Sharma

Paytm is done with cash burn in the business, said CEO Vijay Shekhar Sharma. Speaking at Business Standard BFSI Insight Summit event, he added that the company is already making great strides in controlling spending.

Mastercard replaces Paytm as BCCI title sponsor for 2022-23 season

American multinational financial company Mastercard has replaced Paytm as the title sponsor of the Board of Control for Cricket in India (BCCI).

ED raids Paytm, Razorpay, Cashfree in Chinese Loan App case

The Enforcement Directorate (ED) searched the offices of fintech companies Paytm, Razorpay, and Cashfree as part of an ongoing probe into fraudulent 'Chinese Loan App' case.

30 Aug 2022

Sensex

Sensex climbs to 59,537 points, Nifty settles at around 17,760

On Tuesday, the stock market closed with an uptrend movement as the Sensex soared 2.63% to 59,537.07 points while the Nifty gained 2.51% to 17,759.3 points.

16 Jun 2022

Unicorn

Which IITs, IIMs have churned out most Indian unicorn founders?

India recently achieved the milestone of 100 unicorns.

LIC IPO: Bid dates, prices, and other important details revealed

Life Insurance Corporation of India's (LIC) initial public offering (IPO) subscription will open for bidders on May 4 and shall close on May 9.

13 Mar 2022

Road Accidents

Paytm founder granted bail after arrest for hitting DCP's car

Paytm founder and CEO Vijay Shekhar Sharma was arrested last month and released on bail, reports said on Sunday.

Prev
Next